頗懷疑這時候放出金融穩定法風聲，是為了接下來的違約潮與更嚴苛的資金管制做準備。前者可能是不認帳或轉移損失，後者可能是將各方面資金限制檯面化降低流動。
"中國銀行央行副行長劉桂平也在3月的1篇文章敦促改革，他指出，中國的金融規則過於分散，可以借鑑美國的《多德—弗蘭克法案》及其他主要經濟體的金融改革經驗。劉桂平認為，中國需要一致的金融穩定法。
劉桂平已向全國人大呈交提案，並建議在條件成熟時盡快出台。但北京威諾律師事務所合夥人Yang Zhaoquan指出，完成這項法案可能得花上3到5年的時間，他稱，由於風險事件接連出現，不僅損害市場，還波及金融及社會穩定性，因此迫切需要更多且強大法律工具。
《彭博》指出，像共產黨這樣執著於「掌控」的政府，在監管金融機構的行為似乎不太一致，一方面是疏忽對華融的監管，導致該公司爆發財務危機，一方面卻又警告像螞蟻集團這樣的公司影響力過大。"
中國巨型企業遭遇國有化威脅的同時, 逃過倒閉潮的倖存小型企業則面臨金流不足的危機.
"Close to 19% of China’s small businesses shut down last year, compared with 6.7% in 2019, according to a study released in March by Tsinghua University involving more than 50,000 companies nationwide."
"While the insolvency rate is expected to be better this year, many companies still face serious cash-flow constraints. A survey of more than 10,000 small businesses released in March by Peking University and Ant Group Co. found that 15% have sufficient cash flow to sustain operations for six months or longer, down from 19% in the third quarter of 2020, though some expect revenue to pick up as the year progresses."
https://www.wsj.com/articles/for-chinas-small-businesses-life-is-still-far-from-normal-11619953204
螞蟻這種鉅企都讓外資股東面臨相當風險了，遑論其他。
"The global investors, which also included private-equity firms, sovereign-wealth funds and pension plans, were on the cusp of reaping a massive windfall last fall. Now, it is far from certain that those investors will end up making a profit and they can’t easily sell their investments until the company revives its plans to go public again, which could be years away. "
螞蟻這隻金雞母被取卵後的損傷統計:
[ For the quarter ended in March, Alibaba’s net loss attributable to ordinary shareholders was 5.5 billion yuan, equivalent to $836 million, compared with a net income of 3.2 billion yuan in the same period a year earlier. Its sales rose 64% to 187.4 billion yuan, equivalent to about $28.6 billion, beating analyst expectations.
In April, China’s State Administration for Market Regulation levied a $2.8 billion fine against Alibaba, equal to 4% of the company’s domestic annual sales. The regulator said its investigation, launched in December, found that the company punished certain merchants who sold goods both on Alibaba and on rival platforms, a practice known as “er xuan yi”—literally, “choose one out of two.”]
外媒注意到了中國監管機構對數據庫應用獲利的壓縮與鼓勵舉報的政策:
"The admonitions have so far stopped short of demanding complete corporate overhauls, other than for Ant. For some companies, placating Chinese authorities is a matter of tweaking some app features, while others could suffer more if much of their profits rely on data collection and sharing, according to employees of five of the app companies targeted by regulators last month."
法院認證的用戶數據外洩:
"《彭博》報導，1家幫助淘寶賣家的營銷顧問公司，其1名員工自2019年以來私下抓取了超過10億個包括用戶名和電話號碼在內的敏感用戶數據，用於為其他客戶提供服務。"
再次以數據為藉口的打擊數位產業:
"On Monday, China’s Cybersecurity Review Office, which falls under the Cyberspace Administration of China, said it launched a data-security probe into the apps Yunmanman, Huochebang and Boss Zhipin. It said the review is aimed at preventing national data security risks, maintaining national security and protecting public interests."
再次證明外資撤離香港是正確決定~
"The Didi probe is the first publicized by China’s Cybersecurity Review Office, a unit under the internet watchdog. According to measures which came into effect a year ago, companies under review should receive initial results within 45 days, except in complicated cases."
軟銀孫正義之類的國際投資人再度中槍...
" The sudden regulatory actions, which surprised investors in coming just days after the company’s IPO, suggested that protecting national security trumps Beijing’s ambitions for Chinese corporations to go global. One upshot: Beijing is unlikely to hold fire even if its regulatory moves risk the ability of Chinese firms to court international investors. "
不曉得要用幾折價脫手給CCP?
"《彭博》報導，Alicia Yap 等花旗集團分析師在報告中指出，日本軟銀在阿里巴巴 IPO 之前就押注，因此很大一部分持股未登記為 ADS。花旗計算，軟銀持有阿里巴巴 53.9 億股普通股，相當於 6.7376 億股 ADS，即 24.8% 的股份。
近期，阿里巴巴向美國證券交易委員會提交文件，顯示登記了 10 億份之前未登記的ADS，花旗認為，這意味著軟銀可能計畫拋售部分持股。"
買美股是趁低點撿便宜，買港股則趁機賣個好:
"The purchase sizes aren’t huge — Alibaba’s market capitalization is about $171 billion — but given who is buying, they are likely to be closely followed by investors and policymakers. Alibaba itself bought back $9.5 billion worth of stock last year, reducing its share count by over 3 percent.
這些增持的規模並不大——阿里市值約為1710億美元——但因為身份的特殊性，他們可能會受到投資者和政策制定者的密切關注。阿里去年回購了95億美元股票，使其流通股數量減少超過3%。"
https://cn.nytimes.com/business/20240124/jack-ma-alibaba-shares/zh-hant/dual/
一年後終於賣掉八成五的股份啦?...
"「金融時報」分析軟銀提交給美國證券管理委員會（SEC）的文件指出，遠期銷售顯示，軟銀對阿里巴巴持股最終會降至僅3.8%。"
難怪阿共沒理會阿九馬，因為他們正在忙將縮水到四分之一的阿里馬大卸六塊⋯
“Under the restructuring, Alibaba’s various businesses will be split up into six major areas: cloud computing, Chinese e-commerce, global e-commerce, digital mapping and food delivery, logistics, and media and entertainment, the company said Tuesday.”
https://www.wsj.com/articles/alibaba-to-split-into-six-separate-groups-in-biggest-shake-up-9ce2201f