The House passed Bill S.495 The Holding Foreign Companies Accountable Act, which will require US regulators to review the audit books of US-listed Chinese companies or face delisting if they do not come into compliance within three years. While headlines around this bill have emphasized the potential delisting component, they have not highlighted the substantial progress the SEC has made in providing a framework for resolving the issue.
US-listings of major Chinese internet companies came under pressure when the bill passed in the senate on May 20th, but quickly reversed course. The CSI Overseas China Internet Index has returned +42% since the senate passage. READ MORE
Similar Posts:
- Asia300 Power Performers: Tech’s Wild Ride (Nikkei Asian Review)
- Risk Factors Triggering the Most Analyst Questions in Asia (Asset Benchmark Research)
- Emerging & Global Markets Catch Up With Reality (Krane Shares)
- The Clash of China’s Social Media Titans (NIKKEI Asia)
- Macro Tailwinds That Could Propel China’s Internet Sector (KraneShares)
- RESTRICT China (Interconnected Substack)
- US Citizens at Chinese Chip Firms Caught in the Middle of Tech War After New Export Restrictions (SCMP)
- What if America Delists Chinese Firms? (The Asset)
- Accounting Fraud and Abuse Still Widespread Among Listed Chinese Stocks (CMN)
- Tencent, Alibaba and the Fight to Control China’s Online Ecosystem (Nikkei Asian Review)
- Why Would the Chinese Pay $1B for a Talking Cat Game? (BloombergBusinessweek)
- China Internet Flash Report: 2015 & Beyond + an Overview of 2014 Results (KraneShares)
- China Internet Update (KraneShares)
- Five Misconceptions About China’s Stock Markets (KraneShares)
- Analysis: China Investors Hedge U.S. Delisting Risk With Hong Kong Play (Reuters)
