EVERYONE I'M
KRISTEN SCHOLER.
>> CHINESE RIDE HAILING APP
DIDI FORCED TO PUMP THE BRAKES
SHORTLY AFTER DEBUTING ON THE
NEW YORK STOCK EXCHANGE JUST
LAST WEEK.
>> THE CYBERSPACE
ADMINISTRATION OF CHINA
RESTRICTING DUTIES AFTER BEING
DOWNLOADED THIS PAST WEEKEND
AFTER SAYING IT POSED A
CYBERSECURITY RISK TO CUSTOMERS
WILL CHINA'S CYBER WATCHDOG
ALSO ADDING A PLATFORM WAS
FOUND TO HAVE SEVERELY VIOLATED
THE LAWS BY
ILLEGALLY COLLECT DEAN AND
USING PERSONAL INFORMATION
WELL AFTER OPENING TRADING AT
$16 AND $0.65 IN ITS DEBUT AT
THE END OF JUNE IT SHARES
DIPPING TO AS LOW AS $11.50
IN TODAY'S TRADE AND JOINING ME
NOW IS SHE'S NOT CAUSE THE
MANAGING DIRECTOR OF CHINA'S
BEIGE BOOK INTERNATIONAL.
I SAYS I THANKS SO MUCH FOR
TAKING THE TIME TO JOIN
THIS AFTERNOON. LOOK FOR
INVESTORS THAT THEY SEE THE
CHINESE STOCKS ACROSS THE BOARD
BASED IN CHINA LISTED HERE IN
THE U.S. ARE REALLY TAKING A
TUMBLE. WHAT DO INVESTORS NEED
TO KNOW.
>> WEIDMAN FIRST OF ALL
INVESTORS NEED TO UNDERSTAND
VERY VERY.
>> CLEARLY THAT WHEN IT COMES
TO THE CHINESE MARKET POLITICS
AND THE CONTROL OF THE
COMMUNIST PARTY OVER THE
ECONOMY OVER THE MARKET OVER
THE YOU FINANCIAL MARKETS EVERY
SORT OF MARKET IS VERY
VERY CRITICAL
REGULATORY RISK POLICY RISK IS
WHAT MARKETS REALLY NEED TO
START TAKING VERY VERY
SERIOUSLY. I THINK WHAT THIS
DEE DEE SO IT SHOULD ASK
IS THE MARKETS DON'T QUITE
FRANKLY THE REGULATORY RISK OUT
IN CHINA.
>> BROADLY ACROSS THE BOARD
IT'S NOT JUST THE OTHER MAJOR
COMPANIES LIKE ALIBABA FOR
INSTANCE THAT THE CHINESE
GOVERNMENT IS
LOOKING INTO WHAT'S GOING ON
WHY SUDDENLY HAVE BEEN RAMPED
UP EFFORTS TO REIN IN SOME OF
THEM. SOME OF THE THE LIBERTY
IF YOU WILL OF SOME OF THE
CHINESE COMPANY.
>> IT'S YEAH AND THE HEART OF
ALL THIS IS GOING OVER DATA AND
PROTECTION OF RIGHT WHETHER
IT'S I KNOW OR THE UNITED
RIGHT NOW. CONSUMER DATA AND
OTHER FORMS OF IT HAD BECOME
CRITICAL NATIONAL SECURITY
IMPORTANT AND WHAT THE CHINESE
REGULATORY AUTHORITIES HAVE
DONE HERE IS TAKE A PREEMPTIVE
ACTION I'M INTO INDICATES BE
BUT THEY'RE ALL THE DETAILS
BACK TO MAKE
SURE THAT CONSUMER REPORTER
BIDDING, GIGANTIC TECH
COMPANIES HAVE BEEN COLLECTING
ART IS TURNED OVER TO THE
CHINESE STATE. THEY HAVE ACCESS
TO IT THEY SEE THAT THIS IS
ACTUALLY AN OBLIGATION OF THESE
COMPANIES AND THE SAME TIME
THEY WANT TO RING FENCE THIS
DATA AND MAKE SURE THAT THESE
COMPANIES THAT ARE LISTED IN
THE
UNITED STATES ARE NOT 100 KIND
OF OBLIGATION MORROW REALLY
WITH THE CHOIRS THEM TO TURN
OVER, THOUGH THAT SEEMS
SENSITIVE CONSUMER DATA OVERDO
IT OVER TO AMERICAN AUTHORITIES
I WISH THE USE OF COURSE COULD
I SAYS THESE COMPANIES ARE
LISTED HERE AS A DATA
IS THE CRITICAL THING THE
CHINESE REGULATORY AGENCIES ARE
CONCERNED WITH RIGHT NOW.
>> OKAY, SO LOOKING AT ALIBABA
FOR INSTANCE, ANOTHER COMPANY
THAT AT THE CHINESE GOVERNMENT
IS IN GOING AFTER INVESTIGATING
AND TRYING TO CURTAIL
OF LATE ALIBABA STOCK WAS DID
HERE IN THE U.S. HUGE IPO DOWN
HERE ON THE FLOOR OF THE STOCK
EXCHANGE YEARS HAPPEN JACK.
>> ALL ON THE FLOOR.
>> AND THAT STOCK DOWN ONE AND
A HALF PERCENT DOWN AND 8% YEAR
TO DATE JUST TO SHOW OUR
VIEWERS HOW THESE COMPANIES
ACROSS THE BOARD ARE
GETTING IMPACTED. WHAT DOES
THIS DO TO U.S. CHINESE CHINA
RELATIONS AISHAH SIDE, WE KNOW
THEY'RE VERY TAKING WAS TO
BEGIN WITH.
>> YEAH, YOU KNOW I THINK THERE
HAS BEEN A PROCESS OF THE
COUPLING THAT STARTED UNDER
PRESIDENT TRUMP AND WHAT WE'RE
SEEING
RIGHT NOW IT'S THE EVOLUTION OF
THAT THE COMPANY AND YOU'RE
SEEING IT PLAY IT NOW AND INTO
DIFFERENT AREAS. THE FIRST
AREAS
OF COURSE BECOMING IN THE TECH
SPACE AND SPECIFICALLY THE TECH
PLATFORMS SPACE SO INCREASINGLY
WE'RE LOOKING AT AGAIN COMING
BACK TO GDP THAT EPISODE WHAT
THAT MEANS
IS ACTIVITY I HAVE THAT APP
SERVICE THE RIDE HAILING
SERVICE CANNOT WORK NOT COUNTRY
RIGHT NOW IN THE UNITED STATES
BECAUSE THEY'RE NOT ALLOWED TO
TAKE ON ANY MORE USERS
ARE WE GOING TO SEE THAT
CONTINUE HAPPENING WITH
INCREASING THE CHANGE AND
CHANGE
WAS NEEDS THAT CHINA-BASED
COMPANIES ARE UNABLE TO ENSURE
PROVIDE SERVICE HERE IN THE
U.S. AND OF RETAINING LAWS IN
CHINA MEANS THAT US TECH
COMPANIES ARE UNABLE TO PROVIDE
SERVICES IN
HONG KONG I AND SO FORTH SO
THAT'S THE FIRST ASPECT TO IT
THE SECOND ASPECT I THINK IS
THAT FINANCIALLY THAT WE'VE
TALKED ABOUT IN THE PAST RIGHT
ULTIMATELY WHAT DOES CHINA
REALLY WANT HERE WELL THEY WANT
TO RING FENCE DID A 4TH
THEY WANT TO DISCOURAGE CHINESE
COMPANIES, ESPECIALLY THESE BIG
TECH COMPANIES FROM LISTING IN
THE U.S. AND SPREAD THEY WOULD
PREFER THAT THESE COMPANIES
LIST IN SHANGHAI IN HONG KONG
AND IF THAT CONTINUES TO HAPPEN
AND IF THIS PACE OF LISTING THE
U.S.
ANCKEN INVESTORS MIFI IT FIND A
LOT OF HINDRANCES INVESTING THE
CHINESE COMPANY.
>> I JUST WANT TO PAUSE THERE
FOR SECOND EXPLAIN
WHY WHY DOESN'T CHINA ONE ITS
COMPANIES TO LIST HERE IN THE
U.S., I KNOW DANA IS AT PLAY
BUT IS MONEY AT PLAY AS WELL.
>> ABSOLUTELY RIGHT TRYING TO
WORK INCREASINGLY DEVELOP ITS
OWN CAPITAL MARKETS, ITS OWN
FINANCIAL MARKETS, I'M A
DOESN'T WANT AT YOU KNOW JUAN
TANG HONG ONE SHANGHAI TO
EMERGE AS GLOBAL MAJOR GLOBAL
FINANCIAL CENTERS.
>> AND CHANGES THEIR THE WAY
TODAY WE VIEW NEW YORK. STOCK
EXCHANGE OR NASDAQ ET CETERA SO
ACKLEY'S
OF COURSE BECOMING ANOTHER
IMPORTANT FINANCIAL PLAN.
THE WORLD EVENING ITS CAPITAL
MARKETS AND SO FORTH. THAT IS
THAT IS THE MOST CRITICAL THING
THAT SIMPLY THAT OUT.
>> ALL RIGHT AND OF COURSE WE
KNOW DUTY OF ONE PERCENT ON ITS
FIRST DAY OF TRADE HAS ACTUALLY
CHALKED UP TO A POSITIVE
RESPONSE WE'VE SEEN A LOT OF
THESE AT CHINESE COMPANIES
BASED IN CHINA LIST HERE IN THE
U.S. NOT HAD A
STRONG INVESTOR RESPONSE TO
SPOT DESPITE A RED HOT IPO
MARKET AND THAT WE'VE SEEN OVER
THE COURSE OF THE PAST 16
MONTHS OR SO HAS SO WE'LL BE
WATCHING AND FUTURE GE SHARES
THERE YOU