News Analysis
Guangdong DP Co., Jinke Property Group, and Country Garden Service Holdings all announced massive stock sell-offs in November and December. The Chinese companies are just the latest to announce major sell-offs. Experts speculate that the stock sales are part of an increasing trend by China’s super wealthy to cash out and leave the country.
The sell-offs come as the Chinese regime cracks down on illegal stock sales, the latest in a series of regulatory crackdowns over the past few years as the CCP returns to a state-controlled economy.
The moves are aimed to counter outflows of capital as many of the country’s super-wealthy seek to leave China. They are part of a vicious cycle as China attempts to corner capital through fines, regulations, and coerced donations, further spooking Chinese companies….