Posted by qqq3333 > 2021-07-09 12:45 | Report Abuse

Its China signaling to American politicians..............do your worse, we not scared of you.

Posted by DickyMe > 2021-07-09 12:47 | Report Abuse

What is DIDI?

Posted by qqq3333 > 2021-07-09 12:47 | Report Abuse

Its China signaling to American politicians..............do your worse, we are strong enough via internal circulation, self reliance and sufficiency.

Posted by qqq3333 > 2021-07-09 12:48 | Report Abuse

its another step up the decoupling of the two economies.

Posted by DickyMe > 2021-07-09 12:53 | Report Abuse

"Posted by qqq3333 > Jul 9, 2021 12:47 PM | Report Abuse

Its China signaling to American politicians..............do your worse, we are strong enough via internal circulation, self reliance and sufficiency."

Back to closed economy to the world or US only?

Posted by qqq3333 > 2021-07-09 12:57 | Report Abuse

the forces of capitalism vs the forces of socialism within China. Recent moves against Ant and Fintech companies and now Didi suggest the forces of socialism is being emphasized in China.

This is a direct response to America's policies towards China.

Posted by qqq3333 > 2021-07-09 13:41 | Report Abuse

Didi is China's Grab with 90% market share

Posted by qqq3333 > 2021-07-09 13:42 | Report Abuse

in the middle of delisting China companies from Wall Street, how come NYSE can approve the listing of Didi?

Posted by qqq3333 > 2021-07-09 13:45 | Report Abuse

China reform and opening up remains a key policy position. ....but not reliance on America.

Posted by MuttsInvestor > 2021-07-09 13:46 | Report Abuse

https://www.cnbc.com/quotes/DIDI Listed in NYSE on 30 June 2021 at US 14/= . Now at US 11.20 . Over 60% of it shares where in the HANDS of Venture Capital, etc. Now ........ BURN like ROAST BEEF !!! ....... US Investors are " FEELING " like SUMMER-TIME on the BEACH !!!

Posted by qqq3333 > 2021-07-09 13:46 | Report Abuse

timing. Every thing got a right time and wrong time

Posted by qqq3333 > 2021-07-09 13:54 | Report Abuse

https://www.cnbc.com/video/2021/04/19/china-may-trial-digital-yuan-with-foreigners-at-beijing-winter-olympics.html


agree with this guy

Posted by lawrencecwyen > 2021-07-09 13:59 | Report Abuse

1. China has to build and grow its internal financial might as well as institutions, to catch up/compete with western/US financial capabilities/prowess. National pride is also an important consideration!

2. It doesn't want its vast data resources to be easily/freely accessible or attainable by foreign entities, which could be detrimental or be weaponised against its competitiveness and national security.

3. It wants the country's funds/capital to remain or retained in its own boundaries than flowing out externally.

4. Chinese companies listed overseas especially US stock exchanges could be easily subject to or openly vulnerable to regulatory pressures/tools of sanctions, in case of political dissents/disputes/conflicts.

5. Most of the major shareholders of these Chinese overseas listed companies are foreign entities like Softbank-Japan, US financial behemoths in the like of Morgan Stanley, JP Morgan, Goldman Sachs, Blackrock, T. Rowe Price and various institutional funds etc. Legally, they might be Chinese incorporated corporations but effectively, equity wise, they are majority owned by foreigners!!! This is the same situation faced by TSMC, Taiwan's chip giant. This could mean they could be subject to external pressures!

6. The CPC does not want a situation where all these foreign listed companies become too huge and become out of control like Jack Ma of Alibaba as well as create too wide a gap between the rich and the poor, as prevalent in most westernised/democracies. In many countries like US, the mega corporations control the government (as happened in Malaysia as well) instead of the other way around! The Chinese government does not want to lose control when they are having/facing so much pressures, challenges from the hostile US/western allies. They need to fight and fend off all kinds of conflicts and confrontations in many fronts and arenas!!!