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Foreign firms snap up Chinese companies despite political tensions as Beijing opens doors

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China's economy and its hundreds of millions of consumers are now looking more attractive to many businesses and investors searching for high-growth opportunities.

The U.S. Senate unanimously and quickly passed legislation in late May that could ultimately force Chinese companies to delist their stocks from U.S. exchanges. The House of Representatives is expected to vote later this summer.

Across Asia, fraud is only going to increase as the coronavirus shock puts greater pressure on business units to turn a profit, and remote working setups can be more vulnerable to cyberattacks, some analysts said.Chris Fordham, managing director at Alvarez & Marsal's disputes and investigations team in Hong Kong and China, told CNBC last week that the company plans to double its headcount from about 50 people right now in Greater China, to 100 in about two years.

 

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