Wealthy Chinese own Chinese stocks. They control the government. Regulations are not necessarily bad for business as regulations many times reduce monopoly of markets. More competition means up and coming., more productive companies , can produce more with less investment. More money , More Money , MORE MONEY ! For Everyone !
$Futu Holdings Ltd (FUTU.US)$ Climb should continue soon. It's new young clients won't stop investing and financial number climb can't be denied. Recent pullback I think was due to shifty rich market makers that shorted the stock to force margin calls, driving the stock down artificially. They have since bought Futu. Should get to 180 within 2 months.
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$Futu Holdings Ltd (FUTU.US)$ selloff is temporary. Profit taking and then fear selloff caused dive. Last 2 years Futu has doubled every 6 months its revenue, customers, and profits. Be up to 200+ within 3 months.
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