ICC-To The Moon - Tiger Brokers Online Investing Community - To The Moon

1
Comment
Favorite

Yafong
2021-08-03

ICC

Dario: Don't be scared off by the recent adjustment of Chinese concept stocks

近期中概股和A股市场出现明显波动，但桥水基创始人达里奥表示，投资者不应该对市场短期波动感到忧虑而卖出中国资产，最终错过中国经济发展的红利。桥水基金达里奥在其社交媒体账号上撰文称，近期中国政策出现了新

Dario: Don't be scared off by the recent adjustment of Chinese concept stocks

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

1

Report

Comment

Top
Latest

empty

No comments yet

Most Discussed

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":807998058,"tweetId":"807998058","gmtCreate":1627994375874,"gmtModify":1703499268144,"author":{"id":3583485627907481,"idStr":"3583485627907481","authorId":3583485627907481,"authorIdStr":"3583485627907481","name":"Yafong","avatar":"https://static.tigerbbs.com/83edd0e662808c628cfa8d8af19f6993","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":12,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>ICC</p></body></html>","htmlText":"<html><head></head><body><p>ICC</p></body></html>","text":"ICC","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/807998058","repostId":1152605616,"repostType":4,"repost":{"id":"1152605616","kind":"news","weMediaInfo":{"introduction":"中国大陆领先的金融数据、信息和软件服务企业，总部位于上海陆家嘴金融中心。","home_visible":1,"media_name":"Wind万得","id":"99","head_image":"https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68"},"pubTimestamp":1627961391,"share":"https://ttm.financial/m/news/1152605616?lang=en_US&edition=fundamental","pubTime":"2021-08-03 11:29","market":"us","language":"zh","title":"Dario: Don't be scared off by the recent adjustment of Chinese concept stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1152605616","media":"Wind万得","summary":"近期中概股和A股市场出现明显波动，但桥水基创始人达里奥表示，投资者不应该对市场短期波动感到忧虑而卖出中国资产，最终错过中国经济发展的红利。\n桥水基金达里奥在其社交媒体账号上撰文称，近期中国政策出现了新","content":"<p>Recently, the Chinese concept stock and A-share markets have experienced significant fluctuations, but Dalio, founder of Bridgewater, said that investors should not be worried about short-term market fluctuations and sell Chinese assets, ultimately missing the dividends of China's economic development.</p><p>Bridgewater Fund Dalio wrote on his social media account that there have been new trends in China's policy recently, including<a href=\"https://laohu8.com/S/DIDI\">Didi</a>The review of travel and the rectification of education and training institutions have aroused concerns among overseas investors, but in fact such concerns are unnecessary.</p><p>Dario's original text is as follows (slightly deleted):</p><p>I understand that those who don't know much about China are confused about what is happening. Since I started to contact China 36 years ago, I found that many western observers had no direct contact with Chinese policy makers, and they didn't follow up and understand the changes of China's model in time. They tended not to believe that China really used the market to develop its economy. Therefore, these international investors misunderstand the recent regulation of the industry by the Chinese government and ignore the trend of developing the market economy in the past 40 years. As a result, these investors have missed the development of China in recent decades, and will miss the investment opportunities in China now and in the future.</p><p>In this case, policymakers are understandably signaling to Didi that it may not be the best to go ahead and want to deal with data privacy concerns. As far as educational tutoring companies are concerned, Chinese authorities want to reduce educational inequality and reduce the financial burden on those who desperately want their children to get these services but cannot afford them. Chinese policymakers believe that these changes will make the country better.</p><p>I remember many similar misunderstandings. For example, I remember that in 2015, overseas investors also had a lot of suspicions about A shares. I also recall that in 2015-2016, the People's Bank of China expanded the currency exchange rate band, which caused the currency to fall, which led many investors to see these developments as evidence that policymakers were giving up on developing capital markets.</p><p>Some picky investors always think that these measures are inappropriate, and turn a blind eye to the intervention of governments in mainstream capital market countries. In fact, China's supervision of the market is not worth mentioning compared with the fiscal stimulus and monetary policy intervention in the market in the United States and other developed market countries. Through timely policy adjustments, Chinese policymakers have successfully managed the economy and markets and achieved their goals. China's course of action has never changed, and it has always supported the rapid and stable development of the capital market, entrepreneurship and investment opening to foreign investors. Therefore, I encourage everyone to pay attention to trends and not to misunderstand and overly focus on volatility.</p><p>To understand what happened, we need to understand that China runs capitalism for the benefit of the majority of people, and that policymakers will not let the sensitivity of capital markets and capital hurt the fundamental interests of the people. Capital must understand all this or suffer the consequences of mistakes.</p><p>International investors also need to understand that in China's rapidly evolving capital market environment, Chinese regulators are developing appropriate regulatory measures. Therefore, when regulatory measures change quickly and accurately, it will lead to some misunderstandings.</p><p>In addition, international investors need to understand the changes in the global geopolitical environment, which may lead to some changes in China's regulation. For example, investors can see this in the policy changes of the U.S. government, such as changing the policy of Chinese companies listing in the United States, and threatening to ban U.S. pension funds from investing in China.</p><p>Assuming something similar happens in the future, investors should make corresponding investment adjustments, but don't misinterpret these fluctuations as changes in trend, and don't expect China's capital market to be exactly the same as Western capital markets.</p><p>Having said that, I do also think that Chinese policymakers can increase some communication and give more explanations about the regulatory initiatives that are changing.</p><p>As for investment, whether it is China or the United States, there are opportunities and risks, and both should be an important part of the investment portfolio. Finally, I urge investors not to miss out on investment opportunities in China by misunderstanding recent regulatory measures as a reversal of trends that have existed in the past few decades.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dario: Don't be scared off by the recent adjustment of Chinese concept stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDario: Don't be scared off by the recent adjustment of Chinese concept stocks\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/99\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Wind万得 </p>\n<p class=\"h-time smaller\">2021-08-03 11:29</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Recently, the Chinese concept stock and A-share markets have experienced significant fluctuations, but Dalio, founder of Bridgewater, said that investors should not be worried about short-term market fluctuations and sell Chinese assets, ultimately missing the dividends of China's economic development.</p><p>Bridgewater Fund Dalio wrote on his social media account that there have been new trends in China's policy recently, including<a href=\"https://laohu8.com/S/DIDI\">Didi</a>The review of travel and the rectification of education and training institutions have aroused concerns among overseas investors, but in fact such concerns are unnecessary.</p><p>Dario's original text is as follows (slightly deleted):</p><p>I understand that those who don't know much about China are confused about what is happening. Since I started to contact China 36 years ago, I found that many western observers had no direct contact with Chinese policy makers, and they didn't follow up and understand the changes of China's model in time. They tended not to believe that China really used the market to develop its economy. Therefore, these international investors misunderstand the recent regulation of the industry by the Chinese government and ignore the trend of developing the market economy in the past 40 years. As a result, these investors have missed the development of China in recent decades, and will miss the investment opportunities in China now and in the future.</p><p>In this case, policymakers are understandably signaling to Didi that it may not be the best to go ahead and want to deal with data privacy concerns. As far as educational tutoring companies are concerned, Chinese authorities want to reduce educational inequality and reduce the financial burden on those who desperately want their children to get these services but cannot afford them. Chinese policymakers believe that these changes will make the country better.</p><p>I remember many similar misunderstandings. For example, I remember that in 2015, overseas investors also had a lot of suspicions about A shares. I also recall that in 2015-2016, the People's Bank of China expanded the currency exchange rate band, which caused the currency to fall, which led many investors to see these developments as evidence that policymakers were giving up on developing capital markets.</p><p>Some picky investors always think that these measures are inappropriate, and turn a blind eye to the intervention of governments in mainstream capital market countries. In fact, China's supervision of the market is not worth mentioning compared with the fiscal stimulus and monetary policy intervention in the market in the United States and other developed market countries. Through timely policy adjustments, Chinese policymakers have successfully managed the economy and markets and achieved their goals. China's course of action has never changed, and it has always supported the rapid and stable development of the capital market, entrepreneurship and investment opening to foreign investors. Therefore, I encourage everyone to pay attention to trends and not to misunderstand and overly focus on volatility.</p><p>To understand what happened, we need to understand that China runs capitalism for the benefit of the majority of people, and that policymakers will not let the sensitivity of capital markets and capital hurt the fundamental interests of the people. Capital must understand all this or suffer the consequences of mistakes.</p><p>International investors also need to understand that in China's rapidly evolving capital market environment, Chinese regulators are developing appropriate regulatory measures. Therefore, when regulatory measures change quickly and accurately, it will lead to some misunderstandings.</p><p>In addition, international investors need to understand the changes in the global geopolitical environment, which may lead to some changes in China's regulation. For example, investors can see this in the policy changes of the U.S. government, such as changing the policy of Chinese companies listing in the United States, and threatening to ban U.S. pension funds from investing in China.</p><p>Assuming something similar happens in the future, investors should make corresponding investment adjustments, but don't misinterpret these fluctuations as changes in trend, and don't expect China's capital market to be exactly the same as Western capital markets.</p><p>Having said that, I do also think that Chinese policymakers can increase some communication and give more explanations about the regulatory initiatives that are changing.</p><p>As for investment, whether it is China or the United States, there are opportunities and risks, and both should be an important part of the investment portfolio. Finally, I urge investors not to miss out on investment opportunities in China by misunderstanding recent regulatory measures as a reversal of trends that have existed in the past few decades.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/61ac6f61084482a9c0c70291c78e92f5","relate_stocks":{"QNETCN":"纳斯达克中美互联网老虎指数","TTTN":"老虎中美互联网巨头ETF"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152605616","content_text":"近期中概股和A股市场出现明显波动，但桥水基创始人达里奥表示，投资者不应该对市场短期波动感到忧虑而卖出中国资产，最终错过中国经济发展的红利。\n桥水基金达里奥在其社交媒体账号上撰文称，近期中国政策出现了新的动向，包括对滴滴出行的审查，和对教育培训机构的整顿，引起海外投资者的担忧，但其实这种担忧是没有必要的。\n达里奥原文如下（略有删改）：\n我理解，对于那些对中国不太了解的人对正在发生的一切感到困惑。从36年前，我开始接触中国，我就发现，很多西方的观察家与中国的政策制定者没有直接联系，也对中国模式的变化没有及时跟进了解，他们倾向于不相信中国真正运用市场发展经济。因此，这些国际投资者将近期中国政府对行业的监管产生误解，忽视过去40年来发展市场经济的趋势。结果是，这些投资者已经错过了中国近几十年的发展，还将错过在中国现在和未来的投资机会。\n在这种情况下，政策制定者向滴滴发出信号，表示继续上市可能不是最好的，希望处理数据隐私问题，这是可以理解的。就教育辅导公司而言，中国当局希望减少教育不平等现象，减轻那些迫切希望自己的孩子获得这些服务但无法支付得起的人的经济负担。中国政策制定者认为，这些改变会让这个国家变得更好。\n我记得有许多类似的误解。例如，我记得2015年时，海外投资者也对A股产生诸多猜疑。我还记得，2015-2016年，中国人民银行扩大了人民币汇率区间，导致人民币汇率下跌，这导致许多投资者将这些事态发展视为政策制定者放弃发展资本市场的证据。\n一些挑剔的投资者总认为这些举措是不合适的，而对主流资本市场国家政府对市场的干预视而不见。事实上，中国对市场的监管力度，相比美国和其他发达市场国家的财政刺激和货币政策干预市场的力度，显得不值一提。通过适时的政策调整，中国决策者成功地管理经济和市场，并实现了他们的目标。中国的行动方向从未改变，一直支持资本市场的快速稳定发展、创业精神以及对外国投资者的投资开放。因此，我鼓励大家关注趋势，不要误解和过度关注波动。\n要了解发生了什么，就需要了解中国经营资本主义是为了大多数人的利益，决策者不会让资本市场和资本的敏感性伤害人民的根本利益。资本必须了解这一切，否则将承受错误的后果。\n国际投资者还需要了解，在中国快速发展的资本市场环境中，中国监管机构正在制定适当的监管措施。因此，当监管措施变化迅速确时，会导致一些误解。\n此外，国际投资者需要了解全球地缘政治环境的变化，可能会导致中国监管方面的一些变化。比如，投资者可以从美国政府的政策转变中看到这一点，比如改变中国公司在美国上市的政策，以及威胁禁止美国养老基金在中国投资等等。\n假设将来也发生了类似的事情，投资者应进行相应的投资调整，但不要将这些波动误解为趋势的变化，也不要期望中国的资本市场与西方资本市场一模一样。\n说到这里，我确实也认为，中国政策制定者可以增加一些沟通，对正在发生变化的监管举措给出更多解释。\n至于投资，无论是中国还是美国，都有机会也有风险，都应该是投资组合中重要的一部分。最后，我敦促投资者们不要将近期监管举措误解为过去几十年来存在趋势的逆转，从而错过中国的投资机会。","news_type":1,"symbols_score_info":{"QNETCN":0.9,"TTTN":0.9}},"isVote":1,"tweetType":1,"viewCount":1773,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":3,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}