US congress sets stage for exiling Chinese stocks


The House of representatives passed a bill which could force Chinese stocks out of US Stock markets. This law was passed after it was clear in recent years that some information provided by audidts are not correct and US auditors are not allowed to do audits on Chinese companies as it violates the laws back in China. Chinese companies will have 3 years to comply and US regulator is making a new bill that could allow Chinese firms to comply with US regulation, but not break laws back home. Without this it would be imposible for Chinese firm such as Alibaba stay at the US stock makrets where these firms raised biliions of dollars and would demage their stock prices at other exchanges as well. (Michaels, Wall Street Journal)

3 views0 comments

Recent Posts

See All
  • Facebook
  • Twitter
  • LinkedIn
  • Instagram
  • YouTube

Risk Warning:
Past performance of an investment is no guide to its performance in the future. Investments, or income from them, can go down as well as up. You may not necessarily get back the amount you invested. All opinions, news, analysis, prices or other information contained in our communication and on our website, are provided as general market commentary and do not constitute investment advice, nor a solicitation or recommendation to buy or sell any financial instruments or other financial products or services.

© 2021 Trade Forum Philippines. All rights reserved.