The China Securities Regulatory Commission’s (CSRC) is basically nationalizing initial public offerings (IPOs) – July 8, 2021,

The finances of China are getting silly at this point and Chinese authorities are killing the goose that lays the golden eggs. This is usually inevitable in Communism. There will always be a “late-stage capitalism” for Marxists because if there isn’t the government will eventually fall.

China has been the beneficiary of the U.S fiat dollar as its government has positioned the Chinese workforce to be the beneficiary of the demands of the Western consumer. This constant stream of cash flow has enabled the Chinese Communist Party to borrow to unimaginable levels, worse than the borrowing are the future liabilities of the Chinese People to keep this growing Chinese Government afloat.

A lot of Chinese businesses need some flexibility and The China Securities Regulatory Commission’s lack of understanding of the complexities of running a business has a lot of Chinese Businesses who used to enjoy HONG KONG’s prior free markets are trying to find a way to avoid the heavy hand of the Chinese Communist Party.

Just being honest, because of the increased demands for Welfare in the Western World, I’m uncertain if this tightening by the CSRC will work. Leftist politics is all about limiting options are making INTERNATIONAL competition/options so bad that the business remains in their country of origin.

Globalism is Global Socialism and if Global socialism comes into being, China should fair very well as, at the very least, their governments comprehend that Western Nations are handcuffing themselves from being productive. If on the other hand, freer markets return, The Chinese Communist Party will find it difficult to hold onto their best and brightest.

Explainer: How Chinese clampdown will target offshore listings | reuters.com

interesting times ahead!