Chinese Analyst Who Projected Bearish Reports On Alibaba And Other Chinese Stocks Returns To Twitter

The former China strategist at Bocom International Holdings was active again on Twitter, Inc TWTR with a forecast on the Nasdaq index, just days after he exited the state-owned brokerage following a ban by Chinese social media, Bloomberg reports.
Hong Hao posted a chart on Twitter that compared the Nasdaq's bubble in 2000 to its latest performance to imply that the gauge might have peaked.
Hong also changed his profile description on his profession to ex-Bocom on Twitter, where he has nearly 28,000 followers.
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Tencent Holding Ltd's TCEHY WeChat and Weibo Corporation WB suspended Hong's accounts recently.
The suspension followed Hong's recent bearish reports on the country and U.S. listed Chinese stocks like Alibaba Group Holding Limited BABA, NIO Inc NIO, and Tencent Holding Ltd TCEHY.
Hong later left Bocom after spending a decade at the firm.
China has censored social media posts related to its lockdowns.
The benchmark CSI 300 Index fell to a two-year low last week and has slumped 21% in 2021, making it one of the world's worst-performing equity gauges.
However, the state-run media continues to publish articles projecting confidence in markets.