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Another Round of Regulatory Action Sends China ETFs Reeling July 26, 2021 The selloff in China country-specific exchange traded funds intensified Monday after Chinese regulators continued their crackdown on the technology sector, notably companies that engage in online and in-person education. On Monday, the Among the hardest hit Chinese companies in the latest crackdown, the New Oriental Education & Technology Group Inc. (EDU) plunged 31% Monday after plummeting 47% in Hong Kong trading, further adding to a steep falloff in the previous session, the Wall Street Journal reports. Triggering the Monday selling, state media announced a severe curtailing of after-school tutoring was planned over the weekend. Additionally, Chinese regulators ordered Tencent to relinquish exclusive music licensing rights.

Hong kongKraneshares boseraJustin tangDiana choylevaEducation technology group incChinaa sharesShares china large capNew oriental educationTechnology groupWall street journalUnited first partnersPresident xi jinpingEnodo economicsஹாங் காங்ஜஸ்டின் டாங்கல்வி தொழில்நுட்பம் குழு இன்க்