Winnie Cool
liked
What Happened: Regulatory agencies of China along with the Securities Exchange Commission in the U.S. are negotiating a cooperative method for audit supervision, China Securities Regulatory Commission said in a statement Saturday.
The CSRC also expressed confidence that the parties will be able to find a cooperative path that meets each other's regulatory needs, jointly protect the legitimate rights and interests of global investors, and promote the healthy development of the capital markets of the two countries.
Why It's Important: The CSRC has in the past promised to cooperate with the U.S. over how it supervises the auditing of Chinese companies, which could avert potential delisting of these firms from American exchanges.
The recent statement on the dialogue between the regulators of both nations suggests there could be a resolution to the stalemate over how to keep tabs on the auditors of publicly traded China-based companies here in the U.S.
Chinese companies listed in the U.S. such as $Alibaba (BABA.US)$ , $Tencent (TCEHY.US)$ and $JD.com (JD.US)$ were already under pressure due to a clampdown by local regulators. They were reprimanded in the past over antitrust issues and misuse of user data.
Earlier this month, reports suggested China is looking to make it mandatory for companies listed in the U.S. and Hong Kong, through the variable entity route, to make their ownership structures more transparent to facilitate regulatory reviews, especially in sectors that are off limits to foreign investment.
These adverse regulatory headlines have hurt even Chinese EV makers listed in the U.S., including $NIO Inc (NIO.US)$ and $XPeng (XPEV.US)$ .
Indications that Chinese and U.S. regulators are ready to bury the hatchet, therefore, should come as a relief to these companies.
The CSRC also expressed confidence that the parties will be able to find a cooperative path that meets each other's regulatory needs, jointly protect the legitimate rights and interests of global investors, and promote the healthy development of the capital markets of the two countries.
Why It's Important: The CSRC has in the past promised to cooperate with the U.S. over how it supervises the auditing of Chinese companies, which could avert potential delisting of these firms from American exchanges.
The recent statement on the dialogue between the regulators of both nations suggests there could be a resolution to the stalemate over how to keep tabs on the auditors of publicly traded China-based companies here in the U.S.
Chinese companies listed in the U.S. such as $Alibaba (BABA.US)$ , $Tencent (TCEHY.US)$ and $JD.com (JD.US)$ were already under pressure due to a clampdown by local regulators. They were reprimanded in the past over antitrust issues and misuse of user data.
Earlier this month, reports suggested China is looking to make it mandatory for companies listed in the U.S. and Hong Kong, through the variable entity route, to make their ownership structures more transparent to facilitate regulatory reviews, especially in sectors that are off limits to foreign investment.
These adverse regulatory headlines have hurt even Chinese EV makers listed in the U.S., including $NIO Inc (NIO.US)$ and $XPeng (XPEV.US)$ .
Indications that Chinese and U.S. regulators are ready to bury the hatchet, therefore, should come as a relief to these companies.
44
13
Winnie Cool
liked
$Roku Inc (ROKU.US)$ it's important to note that Roku has already redesigned the products in question, developing a work-around that bypasses the patented technology, and the ITC ruled that the "revised Ultra and Soundbar products do not infringe the asserted claims."
Roku's vice president of litigation and intellectual property, Joe Hollinger, has previously said in a statement that the decision "fully absolves" the company, noting that it had already redesigned around the offending patent.
Roku's vice president of litigation and intellectual property, Joe Hollinger, has previously said in a statement that the decision "fully absolves" the company, noting that it had already redesigned around the offending patent.
20
Winnie Cool
liked
$Kweichow Moutai (600519.SH)$ good luck
30
$Global X Cloud Computing Etf (CLOU.US)$ Long term invest!!
6
Winnie Cool
liked
U.S. stocks declined and Treasury yields turned lower again as Federal Reserve Chair Jerome Powell's persistent dovishness raises concern about the sustainability of the economic recovery.
Energy, consumer discretionary and technology shares weighed on the benchmark S&P 500. Growth favorites that led the recent rally such as $Amazon (AMZN.US)$ and $Alphabet-A (GOOGL.US)$ $Alphabet-C (GOOG.US)$ dropped from recent all-time highs, sending the ...
Energy, consumer discretionary and technology shares weighed on the benchmark S&P 500. Growth favorites that led the recent rally such as $Amazon (AMZN.US)$ and $Alphabet-A (GOOGL.US)$ $Alphabet-C (GOOG.US)$ dropped from recent all-time highs, sending the ...
![10 Top-Traded US Stocks for Thursday (7/15)](https://ussnsimg.moomoo.com/4650049066332626328.jpg/thumb)
![10 Top-Traded US Stocks for Thursday (7/15)](https://ussnsimg.moomoo.com/5802272394559707106.png/thumb)
![10 Top-Traded US Stocks for Thursday (7/15)](https://ussnsimg.moomoo.com/846064917465990511.png/thumb)
169
18
Winnie Cool
liked
$Exela Technologies (XELA.US)$ DONT RUN!!!
11
4