Corporate governance stakes centre stage in US/China face off
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“Exploitative” Chinese companies face new battle to list in US Chinese companies looking to list on US exchanges are set to face tougher scrutiny, thanks to moves to protect investors by Senators and a homegrown accounting scandal. On Wednesday (May 20), the US Senate passed the Holding Foreign Companies Accountable Act by unanimous consent. The […]
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US authorities are placing greater scrutiny on Chinese companies and other emerging markets listed in the US following the fallout from the Luckin Coffee fraud scandal. A recent success story among investors, having raced to a Nasdaq listing within 18 months of its foundation, and challenging coffee giant Starbucks in the Chinese market, Luckin Coffee’s […]
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