China's financial meltdown to really begin…


Hong Kong (CNN Business)Chinese social media have shut down the accounts of a prominent market analyst who drew attention in recent weeks to the dramatic slowdown in the country’s economy and the effects of government policy on the tech industry.

Over the weekend, Tencent’s (TCEHY) WeChat froze the public account of Hong Hao, managing director and head of research at BOCOM International, the investment banking arm of Bank of Communications, a state-owned bank and China’s fifth largest.

The move came after he posted about huge outflows of capital from the country and made bearish forecasts about the Chinese stock market on social media.