Part of the plan to tighten China's grip is probably to seize any opportunity of reduced HK asset prices to buy them up. I believe there was a directive to SOEs to do exactly that.
Part of the plan to tighten China's grip is probably to seize any opportunity of reduced HK asset prices to buy them up. I believe there was a directive to SOEs to do exactly that.
With a view of eventually taking a controlling stake?
Part of the plan to tighten China's grip is probably to seize any opportunity of reduced HK asset prices to buy them up. I believe there was a directive to SOEs to do exactly that.
Stats on what they have been buying are on the HKEX and aastocks page...
With a view of eventually taking a controlling stake?
I think it would be difficult for them to take a controlling stake in any of the major HK companies. It just wouldn't be possible for many of the major entities.
I'm guessing its just institutional/state money being pumped into a market with alot of upside.