A Messy Financial Divorce for the US and China by George Magnus project-syndicate.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from project-syndicate.org Daily Mail and Mail on Sunday newspapers.
(FILES) This file photo taken on October 30, 2020 shows the logo of the Alibaba Group outside the offices of the Ant Group, the financial arm of the Chinese e-commerce giant, in Hong Kong. – Chinese regulators have launched an investigation into Alibaba Group for “suspected monopolistic practices”, the State Administration for Market Regulation said on December 24, 2020. (Photo by Anthony WALLACE / AFP)
In the last days of his presidential term in the US, Donald Trump is sparing no moment to cut China to size. He has signed a bill that could lead to the delisting of Chinese companies like Alibaba Group Holding Ltd, Baidu, Pinduoduo, PetroChina and others from US exchanges.
Investors on U.S. stock exchanges deserve not only independent audits, but oversight of the auditors.
Pedestrians walk past Exchange Square in Hong Kong, Nov. 4. Photo: jerome favre/Shutterstock Dec. 28, 2020 11:45 am ET
The American Securities Association shares the editorial board’s concern regarding the growth of the administrative state and the suffocating effect needless bureaucracy can have on economic growth. But your editorial “Congress Punts on China Stocks” (Dec. 16) misses the mark on the Holding Foreign Companies Accountable Act, a bill that passed both chambers of Congress unanimously despite a multimillion dollar lobbying campaign against it from Wall Street.
The narrative that money will flow to Chinese companies regardless of this bill rings hollow. Money managers are subject to a fiduciary obligation that prevents them from investing in companies they can’t perform due diligence on, such as those controlled by the Chinese
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Alibaba Group Holding Ltd. (
BABA) - Get Report shares slumped lower Thursday as Chinese regulators set their sights on Asia s most valuable tech company in their latest attack on the financial empire of billionaire Jack Ma.
China s State Administration for Market Regulation launched its probe into Alibaba, and demanded a meeting with officials from its affiliate Ant Group Co., amid a broader push to tackle anticompetitive practices in internet commerce, including the alleged pressuring of merchants to list their goods on a single online platform.
The investigation follows last month s dramatic suspension of the planned $37 billion IPO of Ant Group and the summoning of billionaire Ma by government officials, as well as the People s Bank of China, to provide views regarding the health and stability of the financial sector .
China s Kuaishou and Motion Magic Take Further Steps Towards IPOs lmtonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lmtonline.com Daily Mail and Mail on Sunday newspapers.