What are the concerns?
“The risks to US investors are heightened when a company’s business is principally administered in a jurisdiction that has secrecy laws, blocking statutes, national security laws or other laws or regulations restricting access to information by regulators of US-listed companies in such jurisdiction,” Nasdaq said. - Article
Whats the plan?
The President’s Working Group on Financial Markets has told U.S. exchanges to set rules that would require companies to grant American regulators access to their audit work papers, something that China has refused to allow. Firms already listed will have until Jan. 1, 2022, to comply, with removal from U.S. exchanges the ultimate penalty. Those seeking to sell shares will need to adhere to the new rules, according to the high-powered group of U.S. regulators, which includes Treasury Secretary Steven Mnuchin. - Article
Follow What's Happening
Podcast 8.23
Analysts who want to follow the Chinese stock market and economy can track the indexes of several different stock markets, including the Hang Seng Index, the Shanghai Stock Exchange Composite Index, the Shanghai Shenzhen CSI 300 Index, SZSE Composite Index, and the Taiwan Capitalization Weighted Stock Index.
Analysts can also access figures from the National Bureau of Statistics and The Organization for Economic Cooperation and Development that give them information about the overall state of the Chinese economy.
Comments