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30 April 2021
5 min read

AM Notes: China growth slows

Sentiment slipping in Asian markets, with HK listed tech stocks pressured by regulatory crackdowns...

Official China PMI's are still showing growth, albeit at a slower pace than before...

At 07:57 BST:

Let's focus on China and their continuing crackdown on tech firms:

China Reins In Tech Giants’ Finance Arms After Hobbling Ant

Regulators have pledged to curb the “reckless push” of technology firms into finance and this month outlined an overhaul of Ant, which will drastically revamp its business and be supervised more like a bank.
Shares in Tencent, Meituan and JD fell between 1% and 3% early Friday

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