U.S.-listed China stocks launched into a rally earlier this week, encouraged in part by indications from Beijing that the witch-hunt against these companies will soon end. A Bloomberg report, however, suggested that it may be too early to call a truce.
What Happened: Media and entertainment conglomerate Tencent Holdings ADR (OTC:TCEHY), could soon find itself in the crosshairs of regulators yet again. Chinese authorities are mulling over plans to get Tencent to organize its WeChat Pay as a financial holding company, Bloomberg reported.
