Commentary Beijing policymakers have sought to calm the financial markets after a period of heavy-handed and unexpected crackdowns on several sectors. Now is a good opportunity for foreign investors to reassess their investments in Chinese companies. After a period of market volatility, Beijing authorities have unveiled a broad five-year plan to regulate large swaths of China’s economy and industry. The rules should finally give investors a rough basis on how the Chinese Communist Party (CCP) plans to control its private companies, a framework for “Capitalism with Chinese Characteristics.” Of course, as with all policies issued by the CCP, it’s “caveat emptor” and subject to change without notice. Let’s quickly recap the regulatory actions that have culminated in recent volatility of Chinese technology stocks. November 2020: Payments startup Ant Group’s highly anticipated IPO was suddenly cancelled. November 2020: China’s market regulator issued draft guidelines to rein in “monopolistic practices” within its …