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WINNING: Chinese Companies to be Delisted From United States Stock Exchange

 
CrsCrpr
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05/21/2020 11:23 AM
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WINNING: Chinese Companies to be Delisted From United States Stock Exchange
Bill that could delist Chinese companies from U.S. stock exchanges to see ‘swift passage’ in House, analyst says

Democratic Rep. Brad Sherman of California rolls out the Holding Foreign Companies Accountable Act after Senate approves bill

Momentum is building for the Democratic-run House to approve sweeping legislation that could ultimately bar many Chinese companies from listing their shares on U.S. stock exchanges or otherwise raising money from American investors.

Democratic Rep. Brad Sherman of California introduced a House version of the Holding Foreign Companies Accountable Act Wednesday night, after the bill passed the Republican-controlled Senate earlier in the day with unanimous support.

The bill would require that foreign companies let the Public Company Accounting Oversight Board oversee the auditing of their financial records if they want to raise money by selling stocks or bonds to the American public. All U.S. companies and most foreign firms already work with the PCAOB in this way, but Chinese firms do not.


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Anonymous Coward
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05/21/2020 11:34 AM
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Re: WINNING: Chinese Companies to be Delisted From United States Stock Exchange
That is serious progress
CrsCrpr  (OP)

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05/21/2020 11:38 AM
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Re: WINNING: Chinese Companies to be Delisted From United States Stock Exchange
That is serious progress
 Quoting: Anonymous Coward 78020716


I was really surprised it was a bipartisan effort as well. Very telling about how serious of a threat the American people are starting to view China
II Corinthians 3:17 - Now the Lord is the Spirit, and where the spirit of the Lord is, there is Freedom

Your liberties aren't dying; they're being killed by people with names and addresses ...

I prefer dangerous freedom over peaceful slavery. -- Thomas Jefferson
Anonymous Coward
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05/21/2020 11:49 AM
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Re: WINNING: Chinese Companies to be Delisted From United States Stock Exchange
Do you think a war with China is looming?
Anonymous Coward
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05/21/2020 12:01 PM
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Re: WINNING: Chinese Companies to be Delisted From United States Stock Exchange
Sounds like decoupling from the Chinese markets possibly war soon?....
CrsCrpr  (OP)

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05/21/2020 12:01 PM
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Re: WINNING: Chinese Companies to be Delisted From United States Stock Exchange
Do you think a war with China is looming?
 Quoting: Anonymous Coward 73306755


I don't know. I don't think China wants a full frontal military conflict with the United States. I think they would prefer to simply loom in the shadows and bribe/extort world leaders into doing their bidding while remaining to appear to be the good guy through lies and propaganda.

I don't think they will ever admit their part in the current crisis though so that presents a problem. I personally think they will invest all their current energy into manipulating the coming elections and pray Trump doesn't get reelected which would allow them to remain behind the scenes.
II Corinthians 3:17 - Now the Lord is the Spirit, and where the spirit of the Lord is, there is Freedom

Your liberties aren't dying; they're being killed by people with names and addresses ...

I prefer dangerous freedom over peaceful slavery. -- Thomas Jefferson
Too Dark Park™ Two

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05/21/2020 12:03 PM
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Re: WINNING: Chinese Companies to be Delisted From United States Stock Exchange
5



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