<a href="https://archive.ph/2O4Jg" rel="nofollow noreferrer">https://archive.ph/2O4Jg</a><p>The FT article the Tweet references is way more interesting and involved that whatever that tweet is implying. A lot of this has been known or suspected of for a while now:<p>The CCP exercises their power through second-order effect. Banning civil disobedience directly doesn't work well, but banning them through a proxy (such as by writing very vague laws and using their vagueness to prosecute whatever they need to) makes it more difficult to detect their control.<p>>> Multiple local brokerage analysts and researchers at leading universities as well as state-run think-tanks said they had been instructed by regulators, their employers and even domestic media outlets to avoid speaking negatively about topics ranging from fears of capital flight to softening prices.<p>Notice how "the government" is not asking people to soften their tone, it's all these proxy parties.<p>>> Full and frank disclosure to investors and regulators around the world is, in effect, now illegal under Chinese law.<p>When will investors in Chinese companies finally understand that the (now 2nd) biggest country in the world enforces lying to their face?<p>>> The Hong Kong Stock Exchange repealed rules requiring discussion of risks from political structure, economic environment, {...} and government interference in business operations.<p>Making progress in Hong Kong too.<p>>> The SEC, not completely asleep at the switch, has advised PRC firms {...} to avoid delisting of Chinese companies from us stock exchanges.<p>What switch is the author referring to specifically? Banning people from investing in Chinese companies? Prevent investment by those countries in the US?<p>Real question - does the prospective Chinese businessman care at all about any of this? I imagine like in any country, someone starting a business probably is first and foremost concerned with selling to their local community. (Software is a bit different, but most physical shops probably want to sell locally first).<p>>> “If the SEC doesn’t challenge Beijing’s primacy,” Pottinger, a former US deputy national security adviser, told me, “it will end up like an airport X-ray machine operator who is good at spotting nail clippers, but misses the suitcase bombs that could bring down planes.”<p>That is a truly terrifying image