News Analysis
Hong Hao, a prominent Chinese market analyst and former managing director for BOCOM International, recently crossed the Chinese Communist Party’s (CCP) red lines for speech by highlighting the irreconcilable differences between the United States and the CCP on China concepts stocks. Hong was banned on Chinese social media for his comments betting against China’s economy before he was forced to resign.
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 anti-epidemic measures. Two of his research reports, “What are China Concepts Stocks Really Worry About?” and “Vigilance Against Capital Flight” address the issues facing China concepts stocks.
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