Chinese Tycoons Desperately Pace Up Cash Drain From Communist China

According to the media reports, 23 listed companies and related parties in Communist China’s A-share market have been investigated by the CCP’s Securities Regulatory Commission since November, a record high for the year.

In addition, the word “immigration” in the WeChat Index was searched nearly 120 million times on December 6 alone. The CCP authorities said that they might lie “to cancel the regional full-scale nucleic acid.” However, the CCP is not going to give up their barcode control on the smart cell phones. CCP might also keep on forcing the people to take the CCP virus vaccines in future. It is a clear indication that before and after the 20th National Congress, the tycoons were selling their assets in hurry to reduce their holdings and cash out. At the same time, ordinary people were also concerned about the issue of immigration, hoping for a chance to escape from Communist China.

The data showed that on October 23, the day after Xi administration’s first public appearance, Hong Kong stocks plunged, and foreign capital withdrew sharply. On December 5, Guangdong DP Co publicly disclosed that it planned to reduce its shareholding by 17.08%, involving a cash handout of RMB 415 million. On November 29, Jinke(金科) announced a total reduction of 89.5 million shares, accounting for 1.68% of the company’s total share capital. In response, the Shenzhen Stock Exchange sent a supervisory letter on December 5, stating that Jinke had committed the following violations: to disclose the share reduction in advance, during the restricted period, and over-proportional share reduction.