China decoupling from wall street

[David's faith]

US has weaponized everything, even, and maybe even especially, the stock market.
US attempting to blackmailing China.
No other country that has companies listed in the US has to do what the US demands from China.
This is discrimination at state-level.
IMO.

To be fair Chinas regulation regarding financial reporting is a joke. Books are cooked for sure everywhere.

 

[Peter8519]

From a higher vantage point, there has been a new realignment of global power. As such, business relationship has to reflect that realignment.

 

[earth_imperator]

To be fair Chinas regulation regarding financial reporting is a joke. Books are cooked for sure everywhere.

What you are saying is racism. You should learn how law works:
"
Presumption of innocence
The presumption of innocence is a legal principle that every person accused of any crime is considered innocent until proven guilty. Under the presumption of innocence, the legal burden of proof is thus on the prosecution, which must present compelling evidence to the trier of fact (a judge or a jury). If the prosecution does not prove the charges true, then the person is acquitted of the charges. The prosecution must in most cases prove that the accused is guilty beyond a reasonable doubt. If reasonable doubt remains, the accused must be acquitted.
[...]
"

 

[mervyn]

This is nothing. They can move to OTC, serious pension funds can buy their shares in Hong Kong or other exchanges. For example, Shanghai Petro I owned for years, it’s dividend is awesome, around 7% historically, now it is 9%. It is as good as Phillips Morris.

 

[ET180]

They are doing US investors a favor. China Large Cap has been underperforming the S&P for a long time by a huge margin:

 

[mervyn]

They are doing US investors a favor. China Large Cap has been underperforming the S&P for a long time by a huge margin:

That’s apple vs orange. Index diverged since the trade war. We printed 5t to buy stocks notwithstanding. But the interesting thing is that other than SOE, most of their highflying tech stocks are seeded and owned by foreign VCs, BABA and Tencent for example.

 

[tomkat22]

I'll admit I'm biased because I personally got burnt in the Luckin Coffee fiasco but I haven't heard of the US regulators asking any more of the Chinese companies than they ask of the thousands of US companies on the exchanges. Report your damn earnings every 90 days like the US companies have to and there wont be any problems. Oh and try not to cook the books while doing so. Caveat emptor when trading/investing in ANY Chinese company.

 

[TheDawn]

This is exactly how things should work. If you don't want to abide by a country's rules you are free to leave. How the US allowed these companies to list without enforcing the rules is another story..

https://fortune.com/2022/08/12/the-...-billion-of-chinese-equity-flees-wall-street/

China has defrauded the American public for years. According to this documentary, it's defrauded the American public, pension funds for hundreds of millions of dollars and SEC did shit.

It's amazing that America would have to wait until China withdraws from Wall Street to have stopped these kinds of scams. LOL Seriously? And China has refused to co-operate. to https://abcnews.go.com/Blotter/us-i...leged-chinese-stock-schemes/story?id=18164787 And it's only now that China is saying that it's going to refuse to co-operate with the US as retaliation for US' Taiwan visit? LOL They have never co-operated.

All I can say is "good riddance!!" Hope they never list here ever again.

 

[TheDawn]

Trump must be very happy.

Chinese firms can easily get listing from China or Hong Kong exchanges.
Soon those exchanges will be mega exchanges

Not if the whole world decouples from China. LOL

 

[easymon1]

China has defrauded the American public for years. According to this documentary, it's defrauded the American public, pension funds for hundreds of millions of dollars and SEC did shit.

It's amazing that America would have to wait until China withdraws from Wall Street to have stopped these kinds of scams. LOL Seriously? And China has refused to co-operate. to https://abcnews.go.com/Blotter/us-i...leged-chinese-stock-schemes/story?id=18164787 And it's only now that China is saying that it's going to refuse to co-operate with the US as retaliation for US' Taiwan visit? LOL They have never co-operated.

All I can say is "good riddance!!" Hope they never list here ever again.

Interview -
https://www.elitetrader.com/et/threads/russia-ukraine.364278/page-655#post-5655517