uslisted chinese stocks are nosediving in the premarket session on monday amid fears over president xi jinping maintaining dominance following the weeklong party congress that concluded on saturday fears of more stringent regulations are pushing these stocks deeper into the red the china and hong kong market plunged earlier in the day the hang seng index plummeted to a 13year low dropping over 1000 points before settling at 1518069 xi who has won a historic third fiveyear term named his key allies to the politburo standing committee china’s most powerful political body he also called for regulating the mechanism of wealth accumulation with reference to the common prosperity agenda and private capital   alibaba group holding limited plunged to a sixandahalfyear low at 6317 down 1248   pinduoduo inc moved down 1579 to 4966   see also xi jinping cements dominance with historic 3rd term tesla cuts china prices analyst says bitcoin priming for party and more 5 key stories you may have missed from the weekend