Wolfpack Research founder and CIO Dan David weighs in on Chinese stocks and Saudi Arabia considering pricing oil sales to China in the yuan.
This started in 2010, and China has effectively slow walk this for the last 12 years with rhetoric like this every once in a while, there's a… great headline, especially when China's stock market is tanking like it had been for the last week, especially when they're having their COVID lockdowns again.
But really, what they're doing is taking their biggest and their best companies, and they're listing them in Hong Kong as well since they now took over Hong Kong. And it should not have the autonomous status that we have given them in the past, and they're going to leave us with the companies that are still fraudulent, quite frankly, how many have we exposed? We've had 12 companies that we've exposed that have been kicked off the exchange and more.
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