Risks can be presented in many dimensions for today's sales. Tencent Holdings Ltd. is reportedly facing a possible record fine for violating anti-money laundering rules. The SEC is pressing Chinese companies to delist for failing to meet regulatory requirements. Considering the extent of the incident on cyber and commercial relations with Russia, it is feared that the US financial market authority will play the sanctions card on Chinese companies.
The general course of China and Hong Kong indices… Source: Bloomberg
The catalyst effect may not be in the near future, as it adds sectoral regulation pressure in addition to the slowdown momentum that reflects the overall economy. Trade and financial relations with the US, which will become strained due to the Covid closure in Shenzhen and the shortage of Russia, plus policy easing and relations with Russia, are adding to the accumulation of stress. According to MSCI China, MSCI World and MSCI Emerging Markets, it has shown a serious low relative performance in the last 1 year.
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