Property-management and food-delivery companies were among the biggest losers on Monday after Beijing signaled tighter rules for both sectors. All 10 industry groups in the MSCI China Index posted declines as the gauge sank 4.4%, the most in 14 months. “Everybody’s in the cross-hairs," said Fraser Howie, an independent analyst and co-author of books on Chinese finance who has been following the country’s corporate sector for decades. But that was also true for the education industry –- a darling of Wall Street -- until regulators began signaling a potential clampdown earlier this year. Another private equity investor who focuses on Asia called the crackdown a wake-up call for investors who have overlooked Chinese regulatory risks in recent years.

Source: Mint July 26, 2021 14:26 UTC