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A clamp down on Tencent and Alibaba's online brokerage related investments has occurred.
https://www.channelnewsasia.com/business...ts-3175346
What is unique is that China has come out to say it contravenes laws only after 3 years, which is kind of weird. It is long known that China investors are using these brokerages to the extent that the in house moderation team does their moderation following China Censorship laws. My unique experience is that when I tried to post an analysis for companies, such as Alibaba or Tencent and add in words like "Xi Jinping" or "XJP", I am subjected to audit and if I word it as his policies have negatively affected the company valuations; my post is rejected with no reasons.
https://www.channelnewsasia.com/business...ts-3175346
What is unique is that China has come out to say it contravenes laws only after 3 years, which is kind of weird. It is long known that China investors are using these brokerages to the extent that the in house moderation team does their moderation following China Censorship laws. My unique experience is that when I tried to post an analysis for companies, such as Alibaba or Tencent and add in words like "Xi Jinping" or "XJP", I am subjected to audit and if I word it as his policies have negatively affected the company valuations; my post is rejected with no reasons.