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Its about protecting investors and that should be priority number 1. This is a good move and we need a united front across the main capital markets. Not just China either, all companies regardless of origin to any market. Investor confidence is key to companies seeking to raise capital so its really in everyone’s best interests.
As a newbie and a ‘non-stakeholder’ (I am neither American nor Chinese), it’s almost mind boggling that there was nothing of this sort already in place, especially given the ‘level’ of connected-ness b/w the two countries.
Now if the rest of the world could just drag the US along to compliance with IFRS.
Title should probably mention it is focused on Chinese firms with US listing. Pretty key scope difference between that and ‘Chinese’s firms’.
Who ist this Bill guy?