Chinese stocks on Wall Street aren't in the clear yet - News Summed Up

Chinese stocks on Wall Street aren't in the clear yet


London (CNN Business) Investors are breathing a sigh of relief after regulators in Beijing extended an olive branch to the United States, indicating they could change their policies so that Chinese companies could avoid getting kicked off Wall Street. Remember: US regulators have long complained that they can't access the books of Chinese companies. But she still thinks it's likely that some Chinese firms will need to delist from Wall Street at that point. If it provides services to state-owned enterprises, Chinese regulators may still want it to keep its books private. In the United States and United Kingdom, there have been calls for a temporary "windfall tax" on their earnings to help households cover energy bills.


Source: CNN April 06, 2022 00:43 UTC



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