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$Futu Holdings Ltd (FUTU.US)$

Insufficient policy judgment, bottom fishing. $TENCENT (00700.HK)$ ，  $BABA-W (09988.HK)$& $MEITUAN-W (03690.HK)$Although there is still confidence in the future of these companies, the underlying investment logic and profit-making models may have undergone significant changes. Now they are undervalued, but they may become even cheaper in the future 💸.

What Happened: Regulatory agencies of China along with the Securities Exchange Commission in the U.S. are negotiating a cooperative method for audit supervision, China Securities Regulatory Commission said in a statement Saturday.
The CSRC also expressed confidence that the parties will be able to find a cooperative path that meets each other's regulatory needs, jointly protect the legitimate rights and interests of global investors, and promote the healthy development of the capital markets of the two countries.
Why It's Important: The CSRC has in the past promised to cooperate with the U.S. over how it supervises the auditing of Chinese companies, which could avert potential delisting of these firms from American exchanges.
The recent statement on the dialogue between the regulators of both nations suggests there could be a resolution to the stalemate over how to keep tabs on the auditors of publicly traded China-based companies here in the U.S.
Chinese companies listed in the U.S. such as $Alibaba (BABA.US)$ , $Tencent (TCEHY.US)$ and $JD.com (JD.US)$ were already under pressure due to a clampdown by local regulators. They were reprimanded in the past over antitrust issues and misuse of user data.
Earlier this month, reports suggested China is looking to make it mandatory for companies listed in the U.S. and Hong Kong, through the variable entity route, to make their ownership structures more transparent to facilitate regulatory reviews, especially in sectors that are off limits to foreign investment.
These adverse regulatory headlines have hurt even Chinese EV makers listed in the U.S., including $NIO Inc (NIO.US)$ and $XPeng (XPEV.US)$ .
Indications that Chinese and U.S. regulators are ready to bury the hatchet, therefore, should come as a relief to these companies.

The Hong Kong stock market has pulled back obviously in 2021, with the HSI currently down over 14% cumulatively, underperforming major global stock indices, so should investors be optimistic next year?
With many institutions releasing their 2022 outlooks, the voices favouring the performance of Chinese assets are getting stronger, including bullish views on Hong Kong stocks, and a number of institutions give optimistic forecasts for the HSI's point next year.
Overall, these institutional investors generally believe that the Hong Kong stock market has been digested most risk after continued adjustments and that the current valuation is reasonable as well as attractive.
$Hang Seng Index (800000.HK)$ $Hang Seng China Enterprises Index (800100.HK)$ $Hang Seng TECH Index (800700.HK)$ $TENCENT (00700.HK)$ $MEITUAN-W (03690.HK)$ $HKEX (00388.HK)$ $BYD COMPANY (01211.HK)$

Tencent Resumes of some apps after ChinaMiit's Relaxation Guidance Measures; QQ Music Guidance 11.0.5 version (IOS) in App Store.
Tencent's app has begun to resume updates, and QQ Music iOS version 11.0.5 was first released. This is also Tencent's first Tencent product update since the Ministry of Industry and Information Technology adopted transitional administrative guidance measures on November 24 this year. (IT House)
$TENCENT (00700.HK)$
$Tencent (TCEHY.US)$