Ringo
Gold Member
China, having seen enough of what is happening in the "civilized world", decided to simplify its high-tech sector a little.
After May Day (an official holiday in China), there will be a state meeting with the largest technology companies, at which they will be offered to transfer 1% of shares to the state and give the government the opportunity to participate in decision-making level. That is, they will put their director - either a separate one, or combining such a position with some other. There will be some kind of Chief Government Officer.
This is already partially there - the сhinese government owns 1% of shares in ByteDance and Weibo, now it's the turn of Tencent, Alibaba and Meituan. Huawei was also invited, but there is already a density of people in uniform above the industry standard, nothing will change much, therefore.
What is key here is that all the high-tech tops of the country will officially become "companies with state influence and state participation". Who does not want to - can go F. themselves, horses are being changed at crossings, especially lousy ones and with one and a half billion others in reserve.
... Simply put, having seen what is happening in one neighboring country north from China, where for two months every day another body, with access to state secrets and/or a top management position in an important industry, standing in a capriciously gay pose, loudly and clearly says "You're all nasty, I'm going to Israel!", China explains in advance to his companies: Еveryone is in the same boat.
So far, no one has refused invitations, so everything is likely to go smoothly. Perhaps because usually at the time of distribution of such invitations, the opportunity to travel to Israel, with chinese punctuality, is blocked for everyone, including distant relatives and illegitimate children. Just in case.
Well, besides, companies have been announced that the requirements of "international corporate standards", all sorts of independent directors with citizenship of Anglo-Saxon countries, as well as "tolerance directors" and so on, recruited from a pool of loud mouth gender activists, are, in general, requirements alien to society, no one is obliged to fulfill them. There is also a rumor about the need to intelligently cut assets in "unfriendly countries" and look at delisting from some exchanges, but this is just a rumor. For now, at least.
The market's reaction to all of the above is indicative - on the day when this information became available (yesterday), Alibaba grew by 15.7%, Tencent by 11%, Meituan by 15.5. That is, the market understands perfectly well that clarification in such a situation is only for the good and it will become much easier to work.
After May Day (an official holiday in China), there will be a state meeting with the largest technology companies, at which they will be offered to transfer 1% of shares to the state and give the government the opportunity to participate in decision-making level. That is, they will put their director - either a separate one, or combining such a position with some other. There will be some kind of Chief Government Officer.
This is already partially there - the сhinese government owns 1% of shares in ByteDance and Weibo, now it's the turn of Tencent, Alibaba and Meituan. Huawei was also invited, but there is already a density of people in uniform above the industry standard, nothing will change much, therefore.
What is key here is that all the high-tech tops of the country will officially become "companies with state influence and state participation". Who does not want to - can go F. themselves, horses are being changed at crossings, especially lousy ones and with one and a half billion others in reserve.
... Simply put, having seen what is happening in one neighboring country north from China, where for two months every day another body, with access to state secrets and/or a top management position in an important industry, standing in a capriciously gay pose, loudly and clearly says "You're all nasty, I'm going to Israel!", China explains in advance to his companies: Еveryone is in the same boat.
So far, no one has refused invitations, so everything is likely to go smoothly. Perhaps because usually at the time of distribution of such invitations, the opportunity to travel to Israel, with chinese punctuality, is blocked for everyone, including distant relatives and illegitimate children. Just in case.
Well, besides, companies have been announced that the requirements of "international corporate standards", all sorts of independent directors with citizenship of Anglo-Saxon countries, as well as "tolerance directors" and so on, recruited from a pool of loud mouth gender activists, are, in general, requirements alien to society, no one is obliged to fulfill them. There is also a rumor about the need to intelligently cut assets in "unfriendly countries" and look at delisting from some exchanges, but this is just a rumor. For now, at least.
The market's reaction to all of the above is indicative - on the day when this information became available (yesterday), Alibaba grew by 15.7%, Tencent by 11%, Meituan by 15.5. That is, the market understands perfectly well that clarification in such a situation is only for the good and it will become much easier to work.
