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Regulatory Reach Weighs, Again


Chinese & Hong Kong equity indices continue their move lower in early afternoon trade, with the driving force coming in the form of China's market regulator issuing draft rules aimed at stopping unfair competition in the internet space. The rules within the draft, published by the State Administration for Market Regulation (SAMR), were seemingly focused on a relatively wide variety of areas, from prohibiting the way that firms can use the data that they collect, all the way out to the removal of fake product reviews.

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