For those who say that politics should be kept from the Olympics, they need to understand that it’s not about the games ‘stupid.’
Beijing began political. China is a Communist country. To host an Olympics, a nation must enter. Do you think Beijing did this without permission from the dictatorship? And do you think they agreed because they love their sport? Exactly…
Hence this from the FT:
Fund managers in China have been warned to watch what they say about the country’s stock market, in the latest manifestation of a pre-Olympic Chinese government crackdown on everything from Beijing weather to suspected terrorists.
In a bluntly worded notice distributed to fund managers, including foreign-Chinese joint ventures, China’s securities watchdog warned fund employees not to say anything publicly that could harm the stability of the market.
The China Securities Regulatory Commission, which issued the notice, did not make overt reference to the Olympics, but the message was not lost on local fund managers, who linked the notice to a broader effort to avoid market turmoil in the pre-Olympic period.
The notice warns fund managers of “20 risks” to be avoided in handling the release of information about the market, from protecting data security online, to vetting promotional material carefully, to monitoring public commentary.
“Fund company executives, fund managers and other important staff should be very careful about their speeches and blog content, which may cause market fluctuations,” the notice says, adding that companies should be cautious about holding public forums “which may cause market fluctuations”.