US - Sacrificing Competitiveness For Accountability?
Brock Silvers, Chief Investment Officer, Kaiyuan Capital
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In the US, Congress has passed the Holding Foreign Companies Accountable Act, which could see Chinese companies delisted from US stock exchanges for not complying with audit oversight rules. Considering there are more than 200 Chinese firms listed in the US with a combined market capitalisation of US$2.2 trillion, we ask Brock Silvers, Chief Investment Officer at Kaiyuan Capital, whether this move will eventually weaken US capital markets or if transparency is a worthy trade-off in the long run.
Image Credit: Shutterstock.com
Produced by: Shazana Mokhtar
Presented by: Lyn Mak, Roshan Kanesan, Wong Shou Ning
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Categories: Business Analysis, Trends and Forecasts, Markets, Politics, Social Issues, Personal Finance, Investments, Financial Literacy, law & legal matters
Tags: china, delisting, stock exchange, audit, US capital markets, transparency,