$China Securities Regulator Says Will Implement Sino-U.S. Audit Deal$
Good News!!! Although both sides have agreed for US Regulators/Auditors to implement the audit on Chinese listed companies in US Stock Exchanges, there maybe more hurdles to cross, a few pointers worth pondering... due to the different regulatory rules of each country. (Note: in layman term, not trying to pour cold water, but still worth the thought on Secondary Listing, as a Back-Up, incase back-fired)
in my opinion, the US Regulators/Auditors are not just looking at financial irregularities, discrepancies, any fraud or "cooking" of numbers.
Probably, they are also looking for:
a] any Government officials involvement.
b] any Board Members in the company with relationship to the Government.
c] any subsidies from the Government
d] any products from the company selling to the Chinese military.
e] any products that are manufactured & using it against Human Rights.
My humble opinion only. Not advising on investment of any companies, Buy, Sell or Hold. You need to make your own analysis & judgement on the stock you wish to invest.
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