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

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.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan Woos Hong Kong Business as Abe Cools to ChinaJapan is laying out the welcome mat for Hong Kong-based financiers as China moves to erode Hong Kong’s autonomy through a new security law. . But Beijing is seeking to reassure the international businesses being recruited by Tokyo. It’s hard for me to take any country seriously where people eat dogs. Abe Won’t Do Spit Against China Japan Is An Unofficial Colony Of America Their Weak Puppets, But Japan Is Not Your Mindless Puppets As You May Think, They Know Their Limits And Not All Hong Kong Citizens Are Begging For America And United Kingdom To Rescue Them Stay Out Of This Good move. If businesses are smart, they will move out of Hong Kong.
Source: WSJ - 🏆 98. / 63 Read more »