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Recent reports and tweets indicate that the Chinese housing market is facing challenges, with home prices in Beijing falling despite official statistics suggesting buoyancy. Additionally, Tencent, China's largest company, experienced a significant drop in its stock value, losing billions in market capitalization due to fears of a renewed regulatory crackdown by the Chinese government. The proposed online-gaming curbs and draft rules have negatively impacted investor confidence, leading to substantial losses in market valuation. This development has raised concerns about the reliability of Chinese economic statistics and the overall investment climate in China.
Tencent Leads $80 Billion Rout as China Rekindles Crackdown Fear https://t.co/T4Sv4lOhyg
What a dog of a year it’s been in China equities, rounded off cutely forced year by this abrupt swipe at the tech sector again. Dyu think it’ll get better next year ? 1/4 Tencent Leads $80 Billion Rout as China Rekindles Crackdown Fear - Bloomberg https://t.co/hCZEMhujOd
Chinese media reaction to draft proposal is very negative as Tencent $TCEHY is widely held by Chinese investors. Draft proposal contradicts the government's efforts to raise consumer confidence, raise the stock market and repair foreign investor and corporate confidence in China. https://t.co/LWGfGZxiMJ
MyPOV: Stability of governments impact investment climate. @TencentGlobal Sheds $46 Billion in Market Cap After China Proposes Online-Gaming Curbs https://t.co/y3AjxJx0jj via @WSJ
Over $43 billion in value lost for Tencent overnight. How many times have we heard i-bank strategists tell us the regulatory crackdown was over? They’ve been wrong over and over again. https://t.co/2qjWDPpf4O
The most important stock in China plunged more than -10%. That's one of the most remarkable moves ever for an 800-lb gorilla kind of stock. Picking bottoms in Chinese tech has been nothing but a knee-hammer kind of thing for investors, but Tencent's reaction history is notable.… https://t.co/MpWaIS0kez
China Is Cracking Down on Tech Again. Tencent, NetEase Stocks Collapse. https://t.co/2UI4uSmnos
"Tencent Leads $80 Billion Rout as China Rekindles Crackdown Fear" https://t.co/Tcs59OFdIU
Tencent down four thousand three hundred cents. https://t.co/K9plr7OJmA
Tencent: tighter controls on in-game spending threatens earnings https://t.co/2d1gO2jSQF | opinion
Tencent - one of the stocks that foreign investors tend to pick when they dip back into China - just had its worst day since 2008 https://t.co/aVngZD1q5D https://t.co/fAX1cLCZlz
Chinese regulators seem to have removed the draft rule from the platform where the they seek public feedback. Still investigating whether this means they are walking it back. The rule is so disruptive that it wiped out $80 billion from Tencent’s and NetEase’ market valuation. https://t.co/QAUeR5xQ1I https://t.co/GgKfTe2lLO
⚠️BREAKING: *TENCENT PLUMMETS 14% IN HONG KONG AS CHINA CRACKDOWN FEARS BITE $TCEHY 🇨🇳🇨🇳 https://t.co/UxgjB8dD8S
A new crackdown on the gaming industry in China has .. yup, you guessed it, further eroded investor confidence Please remind me why China is a place where you want to invest your money when at any point they could pull a stunt like this (or worse) that hits your portfolio https://t.co/4Gw294yg7t
SHARES OF TENCENT CHINA’S BIGGEST COMPANY JUST DROPPED BY 16% THIS IS ITS LARGEST DROP SINCE THE 2008 FINANCIAL CRISES https://t.co/lTcGeCxqDM
#China will focus on implementing city-based policies to achieve balance btw supply and demand in #housing market, said Ni Hong, China's housing minister, at policy meeting. https://t.co/haGgRmRP6L
FT: House sellers in Beijing are cutting prices aggressively, according to brokers, despite official statistics that show the housing market in the Chinese capital remains buoyant. https://t.co/Atuy4zfWXe
There are lies, lies and Chinese statistics. Domestic🇨🇳turmoil is worrying for CCP. 🧐 “Interviews with more than two dozen real estate brokers across the capital, long one of China’s most desirable real estate markets, show transaction prices have fallen between 10 and 30 per… https://t.co/WrIZAVo92Z
Chinese economic statistics are politicised and can't be trusted. 'Official statistics could make policymakers think the market is doing fine when it is actually in deep trouble.' Beijing home price slide fans China property sector alarm https://t.co/w9xfnua1Gm via @ft