With the unveiling of China's Communist Party new senior leadership over the weekend, the Hang Sheng Index declined immediately over 6.2% while the Hang Seng Tech Index slumped over 9% in a single date as at 24 Oct 2022. It is certainly a nightmare that China's new leadership team have no market reformist on board and this is scaring the hell out of all investors. It does not help that the Chinese president Xi Jinping has called for regulating the mechanism of wreath accumulation in reference to private capital and "common prosperity goal" and this signaled no let up in regulatory oversight and continued campaign against Tech companies like Alibaba, Tencent and Meituan. Alibaba Group thus tanked 12% in a day and set a record 52 week low. Is it time to sell off one's Alibaba's shares in view of the China tech sector mayhem? Sudden double digit drop burns a big hole in one's portfolio with Alibaba. ...