Chinese Shareholders Rush to ‘Cash Out’ as CCP Tries to Prevent Capital Flight

Started by Epoch-Times-Bot, Dec 25, 2022, 02:00 PM

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Epoch-Times-Bot

Dec 25, 2022, 02:00 PM
Chinese Shareholders Rush to 'Cash Out' as CCP Tries to Prevent Capital Flight

News Analysis
Guangdong DP Co., Jinke Property Group, and Country Garden Service Holdings all announced massive stock sell-offs in November and December. The Chinese companies are just the latest to announce major sell-offs. Experts speculate that the stock sales are part of an increasing trend by China’s super wealthy to cash out and leave the country.
The sell-offs come as the Chinese regime cracks down on illegal stock sales, the latest in a series of regulatory crackdowns over the past few years as the CCP returns to a state-controlled economy.
The moves are aimed to counter outflows of capital as many of the country’s super-wealthy seek to leave China. They are part of a vicious cycle as China attempts to corner capital through fines, regulations, and coerced donations, further spooking Chinese companies....

Source: Chinese Shareholders Rush to 'Cash Out' as CCP Tries to Prevent Capital Flight

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