Jul. 20 at 5:20 AM
Pretty clear that there are no buyers for CN equities other than the national team. All that talk of Kimi is fine, but 1. CCP will never let them get too big, 2. People and companies who are not cost constrained are not going to pay for a CN model, at least not until it can respond to what happened in 1989 😆
$BABA $BIDU $KWEB
https://www.bloomberg.com/news/articles/2026-07-20/china-steps-up-efforts-to-stabilize-its-sagging-stock-market