News Analysis
Hong Hao, a prominent Chinese market analyst and former managing director for BOCOM International, may have been caught in Beijing’s censorship crosshairs for betting against China’s economy. He was removed from Chinese social media over critical remarks about the Chinese Communist Party’s (CCP) policies and warned against the full delisting of China concept stocks from U.S. stock markets.
Hong was head of research at BOCOM International, a subsidiary of China’s state-owned Bank of Communications. On May 3, a spokesman for the company announced that Hong had resigned for personal reasons.
In recent months, Hong’s research reports and social media posts touched on politically sensitive issues, such as the delisting of Chinese companies from U.S. exchanges, the risk of capital flight, and the economic impact of Beijing’s “zero-COVID” policy. Two of his research reports—”What Should China Concept Stocks Really Worry About?” and “Be Wary of Capital Flight”—address the issues facing China concept stocks.
…