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We started this week with China dominating the news as its government announced new reforms for private education companies, essentially banning the online education industry in China.
And now we're ending the week with China again highlighting the news after the SEC froze Chinese IPOs in the U.S.
The SEC has stopped processing registrations for Chinese IPOs — and other security sales — because it's trying to protect U.S. investors from the unseen risks of another regulatory crackdown by Beijing.
It's the prudent thing to do. However, it's creating a whirlwind of insanity in the stock market. | | |
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Jeff Z | Jeff Zananiri spent over two decades on Wall Street learning how the best made consistent money in the market. | | |
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