US regulator go to China to resolve dispute to prevent China stock delisting
Those shorting Chinese stock until song song, do watch out. trade safe, don't later kena margin call wor ![]()
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US accounting regulators are in China to settle a dispute over the auditing of US-listed Chinese companies, Reuters reported Friday, with an agreement needed to prevent stock delistings.
US go to China to settle dispute not to delist Chinese stock from US wor, shouldn't it be the other way around? sound like good news will be coming soon![]()
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https://markets.businessinsider.com/news/stocks/china-stocks-delisting-audit-beijing-us-regulators-dispute-sec-companies-2022-5
$UP Fintech(TIGR.US$ $Futu Holdings Ltd(FUTU.US$ $Alibaba(BABA.US$ $NIO Inc(NIO.US$ $Bilibili(BILI.US$
US accounting regulators are in China to settle a dispute over the auditing of US-listed Chinese companies, Reuters reported Friday, with an agreement needed to prevent stock delistings.
US go to China to settle dispute not to delist Chinese stock from US wor, shouldn't it be the other way around? sound like good news will be coming soon
https://markets.businessinsider.com/news/stocks/china-stocks-delisting-audit-beijing-us-regulators-dispute-sec-companies-2022-5
$UP Fintech(TIGR.US$ $Futu Holdings Ltd(FUTU.US$ $Alibaba(BABA.US$ $NIO Inc(NIO.US$ $Bilibili(BILI.US$
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Btan : Lai liao
doctorpot1OP Btan: yea the news mentioned they are in the late stages of the talk. hope all goes well since China already say ok to open their books.
b34r : "But a PCAOB spokesperson said, "Recent reports that PCAOB officials are currently in China, or that PCAOB officials were in China earlier this year to conduct face-to-face negotiations, are untrue. The PCAOB has not sent any personnel to China since 2017."
https://www.reuters.com/business/exclusive-us-regulators-are-china-audit-deal-talks-sources-2022-05-06/
doctorpot1OP b34r: Interesting. both news from Reuter, but this one should be more legit. Well at least both news agrees on one point, China opening up their books and both sides are negotiating
Givememymoney : Yes many are happily shorting and and think that they are the winner. Sooner or later their own
will also be missing
b34r Givememymoney: Lucid and Rivian are also very suppressed. The SEC thing is just one factor. The stocks with negative EPS (ie losing money for next 1-2 years) would still be kept down by the rising interest rates. i dont think any of the EVs (even Tesla) will surge this year.
Givememymoney b34r: Yes agree
doctorpot1OP b34r: the China ones might, because if the delisting fear is lifted, then the market would have to price in that and since delisting fear had caused pri e to pummelled, removing that fear should still cause the stock to go up to account for that.
doctorpot1OP Givememymoney: in a bear market, it does make sense to short cause generally in bear market price should go down. but yea hope they do it safely, if not just one news only, no more underwear for them le hahahaha
Lose Till Pant Drop : I'm confused as both articles seems to mentioned opposite. so is the US auditors in China currently to discuss and resolve the delisting issue or not?
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