massive loss on the book value of US investors due to political risk in Beijing, even its targeting China firms.
“In a statement, Securities and Exchange Commission Chair Gary Gensler said he had also asked staff to “engage in targeted additional reviews of filings for companies with significant China-based operations.”
The development underscores U.S. policymakers’ concerns that Chinese companies are systematically flouting U.S. rules that require public companies to disclose to investors a range of potential risks to their financial performance.”
David, Do you think the wall street will change attitude toward China? less business opportunity and more risk in a foreseeable futur.
I don’t think the crackdown by Beijing should be viewed as anti-business. I see it as anti-monopoly and long overdue regulatory reforms. In the long-run, this will make China more attractive as an investment destination. I like the fact that Beijing is doing Big Bang as opposed to taking small steps. This means the uncertainty will not drag on
Very interesting and as usual thorough David thanks
massive loss on the book value of US investors due to political risk in Beijing, even its targeting China firms.
“In a statement, Securities and Exchange Commission Chair Gary Gensler said he had also asked staff to “engage in targeted additional reviews of filings for companies with significant China-based operations.”
The development underscores U.S. policymakers’ concerns that Chinese companies are systematically flouting U.S. rules that require public companies to disclose to investors a range of potential risks to their financial performance.”
David, Do you think the wall street will change attitude toward China? less business opportunity and more risk in a foreseeable futur.
Very insightful!
What about the possibility of forced delisting of Chinese companies currently listed in the US?
Interesting one David. Look forward to the next one.