🛑 China’s government is LOOTING TENCENT SHAREHOLDERS 🛑 in what is likely to amount to well over 50% of their profits, the government is forcing over $15 billion to go to ‘common prosperity’ to achieve the CCP’s ‘national policy’. Hat tip to @realKunalAShah 1/5 
In addition, the CCP’s crackdown on gaming advertising is likely to materially affect Tencent’s top AND bottom line…making these ‘national priority’ mafia payments an even larger percentage of their profits. THIS IS SIMPLE THEFT FROM THE PUBLIC SHAREHOLDERS OF TENCENT. 2/5
The Mahjong player in me tells me that this is only the beginning. The CCP’s belligerence is now being shown recklessly in broad daylight. No interpreter needed any longer and there isn’t another view of the theft. 3/5
It’s the @SEC_Enforcement ‘s job to protect US investors from frauds, theft, and scams like this. As if any regulator needed any more resin to protect investors from Chinese fraud, we now have OFFICIAL CHINESE GOVERNMENT LOOTING of US SHAREHOLDERS. But wait..There’s more 4/5
Under the cover of the Afghanistan debacle, Blackrock’s own Wei Li is saying it’s tome to TRIPLE DOWN on investing into Chinese shares! You can’t even make this up. This is quite literally FINANCIAL WARFARE being waged on gullible US investors. ft.com/content/f876fb…
For the record I don’t have positions in Chinese securities (long or short) including Tencent. The CCP is the largest risk facing US investors.
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