Et1502
2022-09-02

$China Securities Regulator Says Will Implement Sino-U.S. Audit Deal$

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • BellaFaraday
    2022-09-05
    BellaFaraday
    Hopefully PDD and BABA can rally on this news.
  • ElvisMarner
    2022-09-05
    ElvisMarner
    You're right. There are a lot of obstacles.
  • EvanHolt
    2022-09-05
    EvanHolt
    Looks like I can refocus on PDD.
  • PandoraHaggai
    2022-09-05
    PandoraHaggai
    This cooperation is beneficial to both sides.
  • wendytan
    2022-09-02
    wendytan
    o
  • SteveGoh
    2022-09-02
    SteveGoh
    Like please
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