‘Common Prosperity’ Sheds Light on Beijing’s Regulatory Direction

A man cycles past a sign for Tencent, the parent company of Chinese social media giant WeChat, outside the Tencent headquarters in Beijing on Aug. 7, 2020. (Greg Baker/AFP/Getty Images)
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Commentary Finally, there is increasing clarity around how the Chinese Communist Party (CCP) intends to regulate its giant corporations, which is invaluable to U.S. investors assessing Chinese stocks. Regulatory guidance has come fast and furious over the last several months, sending Chinese stocks—at least those traded in the United States—into a tailspin. And most recently, CCP leader Xi Jinping’s directive to increase “common prosperity” has only
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