Chinese companies do not deserve to be listed on the U.S. stock exchange if they don't adhere to the same standards as every American company, said hedge fund manager and Hayman Capital Management founder Kyle Bass.
"Imagine what kind of fraud is behind these companies," Bass told CNBC's "Squawk on the Street" on Monday. "All of the U.S. money that goes into Chinese companies, it goes into companies that don't operate under a rule of law." U.S. trade representative Peter Navarro told CNBC's "Squawk on the Street" that the reports were "fake news" on Monday. And over the weekend, a Treasury spokeswoman said "the administration is not contemplating blocking Chinese companies from listing shares on U.S. stock exchanges at this time."China signed a memorandum with the U.S. in 2013 that exempts Chinese companies from submitting to U.S.
The sleaze is strong in this one.
He seems like a stand up guy. Not
the guy sounds like he's having a wet dream. maybe his fund will finally make some money this year.
He must know that language of “fraud” in order to imagine.
WeWork, Uber, Lyft,... and other Unicorns are not fraud, right?
Where to invest? BA?
All publicly traded companies in the US should provide full financial transparency, i.e., 10-Q’s, 10-K, 8-K’s on time unless an NT is filed. If that’s too much to ask of public companies selling shares to the public, stay private.
commonsense
The momentum is building, keep up the good work Kyle. America first should mean don't buy Chinese (except takeaways)
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