Share costs for US-listed Chinese language shares have whipsawed this yr, as traders navigate by way of a spinning regulation cycle that always looks like a roulette wheel.
Again in February, the Our on-line world Administration of China CAC reiterated that corporations dealing with private information for greater than one million customers would wish to hunt state permission earlier than elevating capital abroad. In March, the US Securities and Change Fee SEC signaled regulatory retaliation by publishing a provisional record of Chinese language corporations utilizing a monetary auditor not recognised by the Public Firm Accounting Oversight Board PCAOB.
However a turning level seems to have emerged. Earlier this month, China Securities…
¬ Haymarket Media Restricted. All rights reserved.
