Skip to main content

Delisting Chinese stocks from American exchanges could ‘level the playing field’, experts say

 There is growing discussion about the impact of delisting Chinese stocks from American exchanges. Experts believe this could create a fairer economic environment, especially as U. S. -China trade tensions rise.

• Chinese Firms and U. S. Markets: Many Chinese companies have not fully followed U. S. laws but continue to benefit from American financial markets.

• Trump Administration's Strategy: The current trade war with China provides the U. S. an opportunity to exert pressure by targeting the funding efforts of major Chinese businesses.

• Historical Context: Since 2013, a memorandum has allowed Chinese firms to bypass strict auditing requirements that U. S. companies must follow.

• Lack of Compliance: Experts assert that these firms have failed to adhere to agreed auditing processes, which raises concerns about transparency and investor protection.

• Securities Act of 1933: This law seeks to ensure that investors are informed and that fraudulent practices are prohibited. Yet, special agreements with Chinese firms undermined these objectives.

• Holding Foreign Companies Accountable Act (HFCA): Established by Trump in 2020, this act mandates the ban of companies that cannot be effectively audited for three consecutive years, aiming to enhance compliance.

• Auditing Issues: Recent inspections have highlighted significant deficiencies in audits of Chinese firms, provoking worries about their reliability.

• Retaliation from China: Chinese authorities have increased pressure on U. S. -based auditing firms operating in China, complicating audit processes and raising concerns about regulatory engagement.

• Economic Consequences: Banning Chinese stocks from U. S. markets could damage major Chinese companies, vital for future technological advancements, and create leverage in ongoing trade negotiations.

Delisting Chinese stocks poses a significant leverage point in the trade war, potentially leveling the playing field for American firms. It's a critical step for regulating the Chinese market's interaction with U. S. investment opportunities and ensuring that companies follow transparent practices. The ongoing discussions around compliance, regulation, and market access continue to shape the future of U. S. -China economic relations.

https://justthenews.com/government/diplomacy/delisting-chinese-stocks-american-markets-could-level-playing-field-experts

Comments

Post a Comment

Popular posts from this blog

Fauci Files Reveal Pfizer Helped Biden Rig 2020 Election

 Pfizer secretly colluded with Joe Biden's team to help him rig the 2020 election against Trump, according to new Fauci documents. In his new book, "On Call," Fauci admits that Albert Bourla, the CEO of Pfizer, called him the night after Biden was declared the winner of the election, to inform him of Pfizer's "Game-changing results" from the rigged mRNA trial. "On November 7, after the absentee ballots were counted, Joe Biden was declared the winner of the presidential election. It was the very next night that Albert Bourla, Pfizer's CEO, called me away from my neighbors' fire pit to inform me about the game-changing results from the Pfizer mRNA vaccine trial. I finally thought we had truly turned a corner in defeating this terrible disease." Today reports: In another interesting tidbit, Fauci discusses Trump's FDA Commissioner Stephen Hahn declaring that he would not go along with the Trump Administration's plan to roll out the vac...
Post a Comment
Read more

Republicans Withdraw $1 Billion From BlackRock Due To Its ESG Policies

  Multiple U.S. states governed by Republicans are withdrawing state funds from BlackRock's management, as they disapprove of the ESG investment policies of the world's top asset manager, the Financial Times reports. In recent weeks, Louisiana, South Carolina, Utah, and Arkansas have announced they would divest funds from... For months now, Republican states have said they would not do business anymore with asset managers who have ESG-aligned investment policies, which, the states say, show that those financial firms are boycotting the oil and gas industry. Texas is leading the campaign against this movement The Lone Star State published a list of financial firms that could be banned from doing business with Texas, its state pension funds, and local governments. https://oilprice.com/Latest-Energy-News/World-News/Republicans-Withdraw-1-Billion-From-BlackRock-Due-To-Its-ESG-Policies.html
Post a Comment
Read more

The Biden-Harris White House Has An Iranian Spy Leaking U.S. Intelligence In It

 The question is, how did classified intelligence from the United States, showing Israeli military movements that suggest broader action against Iran, get to Tehran? The answer raises uncomfortable questions for the Biden-Harris White House, which has opposed Israel every step of the way in responding to Hamas, Hezbollah, and Iran. Defying Biden got Israel the entire leadership of Hezbollah and Hamas, with the ultimate threat still looming: Iran and its nuclear program. Operations against Iran are being assessed also because Iran has started firing ballistic missiles into Israel, targeting civilian centers across the country. If Israel is close to launching a broader offensive against Iran, leaking U.S. intelligence would be a way to both try and deter Israel and give more warning to Iran. In 2012, similar allegations were made against the Obama administration when U.S. intelligence leaks showed that Israel was working towards using "Azerbaijan as a base of operations in the event...
Post a Comment
Read more