When China proposed to eliminate presidential term limits in February, allowing Xi Jinping to hold on to power indefinitely, a host of local stocks with “emperor” in their name suddenly went on a tear.
While the broader market only gained 1.5 per cent on February 26, Shenzhen Emperor Technology surged nearly 10 per cent when trading started.
Harbin VITI— an electronics group that has words meaning “powerful emperor” in its name — jumped over 4 per cent while Vatti Corp, which stands for “Chinese emperor” in the local language, opened up 7.3 per cent.
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