NIO, a leading electric vehicle company, announced strong sales results for September and the third quarter of 2024. The company delivered 21,181 vehicles in September, a 35.4% increase compared to the same period last year. This brings the total deliveries for the quarter to 61,855, setting a new quarterly record.
bullbearnme : I believe this PUMP is to attract International investor to buy China stock. Then China will pull back their fund. It will let them use International funding who bought the stock to fund their corporation. This is Smart, especially trap US and Europe fund into China companies without using it own fund
TWP PaPa bullbearnme : then the company will be bought over...do you think China will do that?
Americans want to invest more to buy over tiktok and its technologies, do you think China will give it source code to Americans?
bullbearnme : All China companies listed in US are registered in Cayman Island. When you buy China companies stock , you do not hold their parent companies shares, but holding a paper registered in Cayman Island. Even if you owned more of it, they can tell you to go Cayman Island claim for it if they refused to recognize you from China
bullbearnme : China Government do not allow foreigners to own China stock.
bullbearnme : Read this. N-Shares (Chinese: N股) refers to Chinese companies listed on the NYSE, NASDAQ, or the NYSE MKT. The term stands for New York. They may or may not be incorporated in China, but they have their main business operations in mainland China. Most of them are incorporated in Bermuda, the Cayman Islands, the British Virgin Islands, Nevada or Delaware. If they have been incorporated in mainland China, they trade as ADRs of H Shares. If they have been incorporated in Hong Kong, they trade as ADRs of Red chips. If they have been incorporated in Nevada, Delaware or Florida, they might have originated as reverse mergers. Most N-Shares are the American exchange equivalent of P-Chips.
However, the term N-Shares may only refer to private sector Chinese companies incorporated outside China, which excludes ADRs of H Shares or Red chips.
As of December 2010, the SEC is investigating frauds by publicly traded Chinese companies.[1]
Phonso bullbearnme : Exit