| | | Ok, I listened to him. He has *some* valid points. However, clearly the network he is on and Kyle himself have an aggressive agenda and that makes them far from reliable sources.
I am on the record as saying that China, for now, is uninvestable. It is tradeable, but not investable.
I am also on the record as saying that I find it likely that the end game is to abolish, or at least limit, VIE offerings - at least while Xi is in charge. And that is the greatest risk to investing in China even after things get settle down.
BUT, Kyle was very short on analytical responses to the motives behind current regulations. His responses were more of a propaganda than sincere replies. There are a number of valid reasons behind the new regulations.
For example, DIDI was warned by the Chinese authorities to delay its IPO, and Kyle actually mentioned why DIDI's data is a national security risk. But DIDI chose not to listen and went ahead with the IPO anyways. So I am tired of hearing about DIDI as a use case of Xi sticking it to the American investors. In fact China has welcomed the new SEC requirements on IPO disclosures for compliance with Chinese regulators and the associated risks.
So long story short - yes, he has some valid points. But you really need to use critical judgement and cross validation when listening to him. |
|
