News Snapshot:
Bloomberg News reported on Saturday that China’s top securities regulators defended crackdowns on various industries in private meetings with Wall Street executives. Investor concerns over regulatory crackdowns have led to a sharp sale of the Chinese stock market, reducing the market value of some of the largest companies, including Alibaba Group Holding Limited. At the meeting, China Securities Regulatory Commission (CSRC) Vice Chairman Fang Xinghai took recent steps to tighten regulations on companies with consumer platforms and improve data privacy and national security. I explained that. Bloomberg reported that the three-hour meeting of the China-US financial roundtable on Thursday was...
