Investors could regain confidence in Chinese tech stocks again as more than 100 companies including Alibaba and Baidu avoided being kicked off U.S. stock exchanges.
Last week, the U.S. accounting watchdog said that they have gained full access to the audits of the financial statements of these Chinese companies. Policy support could also help to boost growth for these companies. China had pledged to raise domestic consumption, as the country moves toward boosting growth after removing its zero Covid policy.
Chinese e-commerce giant Alibaba was one of the 100 over companies that had faced the risk of delisting in the U.S. in 2024 if their audit information was not made available to PCAOB inspectors.Investors could regain the confidence to put their money in Chinese tech stocks as these companies avoid delisting from U.S. stock exchanges and the Chinese government pledges policy support, according to one investment manager.for the first time, after China finally granted the U.S. access in August.
paid ads by ccp? Want investors jump into traps again? Even Vietnam market looks more attractive than there now. Actually More foreign investors are looking into Vietnam market although the best time may still need to wait…
Boycott Tesla
No thank you
Liberal media giving it up for their new leaders.
🤔
Boycott Tesla
Let them back, these Chinese companies are full of accounting fraud.
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