GOOD NEWS!!! $Alibaba (BABA.US)$$Tencent (TCEHY.US)$$JD.com...
GOOD NEWS!!!
$Alibaba(BABA.US$ $Tencent(TCEHY.US$ $JD.com(JD.US$ $Baidu(BIDU.US$
Latest moves from the Chinese regulatory authorities suggest that the long-running Sino-US audit dispute is likely to hit a new milestone. The China Securities Regulatory Commission (CSRC) was reportedly holding meetings with the Chinese units of the global “big four” accounting firms. The meetings were in regard to preparations for auditing inspections from the US over Chinese firms listed on US-based exchanges.
$Alibaba(BABA.US$ $Tencent(TCEHY.US$ $JD.com(JD.US$ $Baidu(BIDU.US$
Latest moves from the Chinese regulatory authorities suggest that the long-running Sino-US audit dispute is likely to hit a new milestone. The China Securities Regulatory Commission (CSRC) was reportedly holding meetings with the Chinese units of the global “big four” accounting firms. The meetings were in regard to preparations for auditing inspections from the US over Chinese firms listed on US-based exchanges.
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Siausin : The uncertainty with Chinese regulatory is their lack of consistency and transparency. Today they say this. A few weeks later they say that….weeks later say this again…-and the market volatility continues
Revelation 6 Siausin: This is very true, but the U.S. stock exchanges and the SEC have grown tired of this on/off attitude and are expecting some real, defined, tangible change or they’re going to begin taking action to delist these companies. It won’t happen over night and these companies will get more than enough chances to comply, but it’s coming. Maybe just not as fast as we would like. The Chinese Government can’t afford to dilly around with this to much more. Companies being delisted would cost them billions of dollars every year. They’re a financial disaster right now, losing more money would be devastating to the people.
WendyfbeOP Siausin:
WendyfbeOP Revelation 6:
