Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Bearish on China! Vanguard Group, BlackRock, Norway Sovereign Wealth Fund Flee China En Masse" video.

  1. 💼 Several major financial institutions, including Vanguard Group and BlackRock, have withdrawn from the Chinese market. 00:00 Several other financial institutions have also exited the Chinese market. BlackRock closed its China flexible wealth fund. Vanguard Group, America's largest fund management company, has officially exited the Chinese market. 💼 Canadian pension funds are withdrawing from China due to the negative impact of China's COVID-19 policies on the economy. 03:33 The fund's net assets amount to 570 billion Canadian dollars with a 10-year nominal net return rate of 10%. The United States accounts for the largest share of the fund's investment at 36%, followed by Asia Pacific at 26%. Other Canadian pension funds, including the Ontario teachers Pension Plan and cdpq, have also withdrawn from China. 📉 Experts believe that China's current economic situation meets several signs of an imminent financial crisis, which may worsen due to temporary suppression of information and administrative intervention. 07:48 The US-China trade war triggered systemic financial risks in China. The three-year pandemic and collective default of real estate developers unveiled systemic financial risks in China. The Federal Reserve's consecutive interest hikes and the bursting of the real estate bubble further worsened the financial situation in China. 🚫 Foreign businesses are becoming increasingly apprehensive about operating in China due to strict regulations and safety concerns. 11:15 Foreign businesses are considering leaving China quickly due to commercial and personal safety concerns. Chinese authorities barred a chairman of an investment banking company from leaving mainland China, confirming industry concerns. The introduction of China's anti-espionage law has led to sell-offs of mainland Chinese stocks by foreign institutions and accelerated their withdrawal from the Hong Kong stock market. 📉 China's increasingly opaque practices in publishing corporate and economic data are driving investors away from the country. 14:36 China is turning into a black hole of investment information, with frequent restrictions on foreign businesses obtaining local economic data. Obtaining data in China has become more difficult, leading to a drastic reduction in research time on Chinese stocks for investment firms. Chinese officials have stopped publishing detailed financial data and real-time information on unemployment rates and mutual fund net asset values.
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