TSLA
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Intel
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Alibaba
-- 124.730 GRAB
Grab Holdings
-- 4.900 
$Alibaba (BABA.US)$$Futu Holdings Ltd (FUTU.US)$ This is the...
$Alibaba (BABA.US)$ $Futu Holdings Ltd (FUTU.US)$ This is the reason for the sell off in Chinese stocks!
China might not allow the PCAOB to audit their companies as this will expose all the internal matters and it will also treat this as threat to national security. So, if these stocks were to be delisted then these might be traded in the OTC market at a much lower cost as the big funds don't really invest in OTC stocks. Just like what happened to Luckin Coffee in the past. But we need to wait for more information from SEC as to how long will they allow these companies to be compliant. So for now just exercise extra caution when dealing with Chinese stocks.
China might not allow the PCAOB to audit their companies as this will expose all the internal matters and it will also treat this as threat to national security. So, if these stocks were to be delisted then these might be traded in the OTC market at a much lower cost as the big funds don't really invest in OTC stocks. Just like what happened to Luckin Coffee in the past. But we need to wait for more information from SEC as to how long will they allow these companies to be compliant. So for now just exercise extra caution when dealing with Chinese stocks.
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SANDRO 善子 : If you want to issue public securities in the U.S., the firms that audit your books have to be subject to inspection by the PCAOB," said SEC Chair Gary Gensler.
Mars Mooo SANDRO 善子 : https://www.scmp.com/news/world/united-states-canada/article/3158245/us-moves-step-closer-delisting-chinese-companies mention that "The issue has gained urgency due to rising tensions between the two countries and following the high-profile accounting scandal at Luckin Coffee Inc."
SANDRO 善子 : https://www.sec.gov/news/press-release/2021-250
the FIRMS that AUDIT your books subject to inspection by the PCAOB
SANDRO 善子 : See how media twist the story
Mars Mooo SANDRO 善子 : So what happen if they all move out of US?
If they delist in the US, will they move to Singapore or Hong Kong?
What happen to investors who are holding stocks of these companies?
Mars Mooo SANDRO 善子 : Strange, I only see the one dated 24 Nov 2021 (https://news.moomoo.com/notice/102086767)
Mars Mooo SANDRO 善子 : Strange, the mobile version stop at 24 Nov 2021.
Please help to copy the document link for 3 Dec 2021 here, thanks.
102379668 OP SANDRO 善子 : FUTU results are unaudited.
102379668 OP Mars Mooo : Their can either trade in OTC or move to Hong Kong.
SANDRO 善子 Mars Mooo : That need to be answer by SEC chairman in Congress
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