I work in the Chinese e-commerce industry, just got an email from the CEO of a partner company:
"AQSIQ says one year grace period will start from today, we expect China customs will now announce this in a formal statement this weekend. Several FTZs have received official announcement from AQSIQ overnight.
Result: Except tax, nothing will change compared to the regulations as at before April 8. We expects stocks to rally on the back of somewhat reduced regulatory risk."
BKL Price at posting:
$158.69 Sentiment: Buy Disclosure: Held