/biz/ - Business & Finance

>>51058742
I like shorting memes but gct was a bit too scary. They are chinese so who knows what kind of fake dividend sorcery they might pull to yeet a short
did anyone here short it?

>>51024728
>Ohhh like alibaba? Im surprised thats legal.
legality is the only reason it's done
it is NOT legal for foreign investors to buy Chinese stocks, the whole reason they do the whole dance with an offshore shell company is to sidestep the ban. So far the CCP has ignored it and a big part of the price dump was that last year people started worrying about a crackdown
>I feel like the only ones who get rid of the current ruling system in china will be the rich.
I read some speculation that the zero covid thing they are doing is partially to weaken the rich. The CCP is run by true believers, they know how communism has gotten subverted in the past, and Xi is worried that some party insiders are getting too friendly with top businessmen. So by enforcing lockdowns that primarily hit big cities, he makes the rich poorer and gets more freedom to punish the party bureaucrats in those cities who don't toe the party line

>>51024775
it pays dividends as an outlet for the gambling urge))
80% of my folio is VTI

>>50918629
yes