Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next
Author: StuyvesantGrad70 Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 14303  
Subject: Re: FKA: China Date: 12/5/2012 5:32 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 3
China listings may soon flee U.S., expert says
http://www.marketwatch.com/story/china-listing-may-soon-flee...

A mass exodus of Chinese companies listed on U.S. exchanges looks increasingly possible as an accounting rift between the two countries reaches a dangerous stage, a Chinese accounting expert says.

Since 2009, however, China has prohibited the locally based auditors — which audit the U.S.-listed Chinese firms, and are registered with the PCAOB — from sharing accounting papers with foreign regulators. Chinese officials have argued that sharing such information would be in violation of their own laws involving state secrets.

The disappearance of Chinese listings from the U.S. could have tremendous financial consequences. When ranked by value, the biggest 200 Chinese American Depository Receipts have a market capitalization of $951 billion, according to July calculations by investment bank Macquarie.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement