Chinese social media have shut down the accounts of a prominent market analyst
Over the weekend, Tencent's WeChat froze the public account of Hong Hao, managing director and head of research at BOCOM International, the investment banking arm of Bank of Communications, a state-owned bank and China's fifth largest. The move came after he posted about huge outflows of capital from the country and made bearish forecasts about the Chinese stock market on social media."All content has been blocked.
Shan Weijian, founder and chair of Hong Kong-based private equity firm PAG, recently criticized the government for policies that resulted in a"deep economic crisis," according to the Financial Times, citing comments he made at a meeting with brokers. PAG did not respond to a request for comment. Foreign investors are ditching China.
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