Tue. Oct 19th, 2021

A panel of the House of Representatives of the United States met on September 22 to discuss the risks associated with Chinese companies listed on U.S. stock exchanges.

A panel of the House of Representatives that protects investors announced on Tuesday that it will hold a hearing on September 22 on risks associated with Chinese companies listed on U.S. markets.

The Subcommittee on Investor Protection, Entrepreneurship and Capital Markets will hold a meeting entitled “Taking Stock of ‘China, Inc.’: Examining Risks for Individual Investors and the US Positioned by Foreign Issuers in US Markets. ‘

The trial comes amid growing concerns about the Chinese government’s regulatory action against Chinese companies and its impact on investors abroad. A recent collapse by Beijing has caused sudden fluctuations in the share prices of Chinese companies listed on US stock exchanges.

Monday, China announced that it limits the amount of time children under the age of 18 can play video games most weeks.

Beijing has said that gaming platforms such as Tencent and NetEase can only offer online games to minors from 20:00 to 21:00 in China (00:00 to 01:00 GMT) on Fridays, weekends and public holidays, while some Chinese gambling companies in the US listed. .

The pressure on video game businesses is the latest step in a growing trend of Chinese authorities increasing oversight of the country’s largest businesses.

The Nasdaq Golden Dragon China Index – which lists 98 of China’s largest businesses in the US – fell on August 19 after China’s state administration for market regulation announced a set of draft rules aimed at preventing unfair online competition. The index has fallen by more than 26 percent so far this year.

The US Securities and Exchange Commission (SEC) reached out its own warning to investors about the risks of investing in Chinese companies earlier in August.

Gary Gensler, the chairman of the SEC, asked his staff to “take a moment” for the time being with the approval of initial public offerings for shell companies that use Chinese companies to list shares in the US.

Source link

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *