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Biden s China policy is tougher on financial firms than Trump s was, report says CNBC 3 hrs ago Evelyn Cheng We believe President Biden represents a greater risk for financial firms on the China front than President Trump, Cowen Washington Research Group s D.C.-based analyst Jaret Seiberg wrote in an April 7 note. (Delisting) is going to happen. Congress enacted legislation last year, and we see no probable scenario in which it repeals this law, Seiberg said, noting it s unlikely Beijing will allow the U.S. to inspect audits.
Since taking office in late January, U.S. President Joe Biden has kept a firm stance on China.
The unrelenting U.S. pressure will likely turn Trump-era policies with initially long grace periods into a reality. That includes delisting Chinese companies from U.S. stock exchanges, Seiberg said.
Tensions between the two countries escalated under former President Donald Trump, initially centering on trade and then spilling over into technology and finance. The Trump administration wanted to curb U.S. investment in Chinese companies and stocks with new regulation, but the policies had relatively less impact than tariffs and sanctions on Chinese companies.
Since taking office in late January, U.S. President (Delisting) is going to happen. Congress enacted legislation last year, and we see no probable scenario in which it repeals this law, Seiberg said, noting it s unlikely Beijing will allow the U.S. to inspect audits. This will likely force these Chinese firms to trade in Hong Kong.
Lenders urge Biden to remove GSE cap on high-risk loans nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.