Making Sense of China’s Stock Market

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Jan.03 -- Hao Hong, managing director and head of research at Bocom International, discusses the health of the Chinese stock market. He speaks on “Bloomberg Daybreak: Asia.”
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Former New York City Mayor Michael Bloomberg and his company Bloomberg LP are heavily invested in China. Bloomberg LP sells terminals to their website through the Chinese market and helps finance Chinese companies by sending billions of dollars from U.S. investors to the Chinese bond market.

Bloomberg LP supported 364 Chinese firms and directed approximately $150 billion into their bond offerings. Of these companies, 159 were controlled directly by the CCP.

An newly released exposé from NPR shows the depths Bloombergs News dove to appease the the CCP. In 2014, Bloomberg killed an investigation into the wealth of CCP elites. The company used a non-disclosure agreement (NDA) to not only silence the Beijing-based reporter, but also his wife, who never worked for Bloomberg.

Theluckypessimist
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You can't since the Chinese government doesn't make any sense at all.

Octovisuals
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Is Bloomberg an Asian media company? Just curious as I don't know much about them...

investor
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As a former shareholder of China Telecom I oppose the banishment of thee companies from the NYSE unless you de-list all companies worldwide that have some form of government ownership or government subsidy.

LendallPitts
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'advocate value investing in 2021' ... good luck with that.

panaja
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The stock market of the Hong Kong Stock Exchange is a normal East Asian developed country market, but the mainland may use indirect means to control it during the financial crisis or violent fluctuations.
The Shanghai Stock Exchange can only call it "a financing platform for companies that cannot go public in Hong Kong and New York", and it does not reflect China's actual economic conditions.
Except for a very small number of big bull markets that caused the index to soar, most of the time it stayed within a certain range.

zetajolyne
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For all have sinned and fallen short of the glory of God. Romans 3:23
Jesus delivers us from our sins!

Psalms-fryy
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Chinese stocks are cheap IF and that's a big IF you can trust their numbers. I personally wouldn't trust Chinese audit systems.

prashunpcchakraborty