2 Comments
Oct 30Liked by Kevin Xu

Very insightful. I didn't know that mainland investors can't buy secondary listing on HK stock exchange

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Given the state of Chinese markets I concur — allowing the IPO would be a definitive signal of central government support for tech firms and that heightened scrutiny/oversight on the sector is officially over. I track the progress of the tech crackdown through developments at alibaba in this essay: https://open.substack.com/pub/thestupideconomy/p/why-alibaba-never-broke-up?r=i7v1h&utm_medium=ios

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