George
Soros is in meltdown mode.
These new regulations must have rattled him a lot
Oh no, paper wealth has disappeared and has hurt China.. Terrible, terrible. Soros seems to care a lot about the Chinese economy. Maybe he is a secret CPC member?
Oh no x2. No more such blatant corruption and bribes to set up businesses. Xi is trully destroying China. Soros driven by his (Chinese) patriotic feelings, is trying to save China. What a noble cause!

His bitching and moaning is highly hilarious.
His crackdown on private enterprise has been a significant drag on the economy. The most vulnerable sector is real estate, particularly housing. China has enjoyed an extended property boom over the past two decades, but that is now coming to an end. Evergrande, the largest real estate company, is
and in danger of default. This could cause a crash.
Evergrande has fuck all to do with what he is moaning about - which is the Chinese state taking an active role in private company management, so why is it featured so prominently? Probably because Xi knows capitalist markets a lot better than Soros would like you to think and is allowing market forces to kill off a previously too-big-to-fail company. Why does this matter to Soros? Probably because he was expecting more business as usual and that the Chinese state would take an active role in bailing out Evergrande as previous Chinese administrations always have in such instances, so took a massive position scooping up stocks while they are low hoping for a huge payday and got burnt. Hence the butthurt article.
Xi does not understand how markets operate. As a consequence, the sell-off was allowed to go too far. It began to hurt China’s objectives in the world. Recognising this, Chinese financial authorities have gone out of their way to reassure foreign investors and markets have responded with a powerful rally.
Seems like he understands pretty fucking well if a few words can create such a rally. That’s the kind of power the SEC and Fed would dearly love to have.
This probably is where Soros bet against China expecting those stocks to continue to tumble and got burnt again.
Investors buying into the rally are facing a rude awakening.
More evidence he got burnt by that rally. Only predatory investors like himself, who thinks he can buy influence in companies to make them work as he likes and/or who wants to manipulate markets to work against the good to the many to extract supernormal profits at the expense of any and everyone else just so long as he gets a big payday for himself.
Pension fund managers allocate their assets in ways that are closely aligned with the benchmarks against which their performance is measured...
The MSCI All Country World Index (ACWI) is the benchmark most widely followed by global equity asset allocators. An estimated $5tn is passively managed, which means that it replicates the index...
In MSCI’s ACWI ESG Leaders Index, Alibaba and Tencent are two of the top 10 constituents. In BlackRock’s ESG Aware emerging market exchange-traded fund, Chinese companies represent a third of total investments...
The US Congress should pass a bipartisan bill explicitly requiring that asset managers invest only in companies where actual governance structures are both transparent and aligned with stakeholders. This rule should obviously apply to the performance benchmarks selected by pensions and other retirement portfolios.
And here we come to the heart of this self-serving piece of shit article.
After taking a series of batterings trying to play the Chinese markets like he has managed western markets, Soros now wants Congress to pass laws to actively interfere in the normal running of the market itself.
He gives zero fucks about any internal consistency, since his whole argument is that China doesn’t understand the markets by doing just that, only in a much more limited, specific and less arbitrary way that what he suggest Congress should ask. This also proves is arguments about this being some noble defence of the market is pure BS, since he wants the US to trample all over the free market.
All of this is just him playing his usual racket of using state capture in the west to create artificial unfair advantages for himself so he can extract supernormal profits from the stock markets.
If the US does as he proscribes, it would do nothing to Chinese stocks directly, but would remove huge pension funds from those stocks. The thing about pension funds is that they are hugely deep pocketed and take the long view. They create stability and have the capital and reputation to fight off market manipulation attempts by the likes of Soros. Him trying to force them out of a segment of the market is really about him trying to carve out a private little kingdom he and his other predatory shark buddies can play the market in to extract massive profits fast.
Pension funds like stability, whereas sharks like Soros loves volatility, where he can bet on the way up and down and use the huge swings to extra maximum profits.
It doesn’t take a genius to see what he plans to do to Chinese stocks if and when he manages to force them out of those stocks via such a gross interference by the US government.
As soon as the pension funds are out, he is going to rock the boat like crazy and make those stocks dance and make a killing in the process all the while blaming all the volatility on China, for interfering in the market. This is why it had to be Chinese stocks, so he had an easy scapegoat to direct blame against, and because given the current political climate, it would be career suicide for any regulators to go after him for market manipulation as he will just spin it as whoever is after him is CCP wanting to advance Chinese state interests. Clever.
Funny thing is such antics isn’t really going to hurt those Chinese companies all that much. It will be small time American private investors’ lunches he plans to eat all the while blaming China so those burnt little guys hate China instead of the billion oligarchs like himself who are actually actively hurting them to enrich themselves. Morden America in a nutshell.
This is what he does, that isn't surprising or new, what is interesting is the barely concealed desperation in this gambit. I’m guessing his looses from his Chinese gambles were grievous indeed, and he is living on borrowed time to make back those looses before his investors realise and he turns into the next Madoff.
power and accountability is now exercised by one man who is not accountable to any international authority.
This here is the true reason Soros hates Xi, because Soros thinks such power should belong to himself only, and the above is precisely what Soros wants and what Congress will grant him if they follow his self serving advice.