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Five months after its IPO, DiDi Global Inc. announced that it had started the process of delisting from the New York Stock Exchange. Well, Papa Xi Jinping ordered Didi to divorce from Wall Street and move to the Hong Kong stock market! Meanwhile, Mr. Wall Street is finally allowed to go to China. JP Morgan Chase, Goldman Sachs, and Citigroup all got permissions to get into the Chinese financial market. Is the love affair of Wall Street-China coming to a full stop or full bloom?
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We discuss world economy, history, and politics. Our main focus is U.S.-China relations. We make short videos and tell you the hidden stories.
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References:
https://www.uscc.gov/sites/default/files/2021-11/Chapter_2_Section_4–U.S-China_Financial_Connectivity_and_Risks_to_U.S._National_Security.pdf
https://www.wsj.com/articles/u-s-firms-aid-chinas-bid-for-chip-dominance-despite-security-concerns-11636718400
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