News Analysis U.S. investors have trillions of dollars invested in Chinese variable interest entities (VIEs) without knowing it. These are illegal contracts under Chinese law and could be shut down by Chinese regulators at any time. When U.S. investors buy shares of Chinese companies, particularly internet companies, on NYSE and NASDAQ, they generally do not…
Variable Interest Entities: China’s Trillion Dollar Shell Game
September 30, 2021
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Cayman Island shell companiesCheating Wall StreetChinaChina Business & EconomyCorporations TrappedOpinionrisksSpecial Topicsthe U.S. Securities and Exchange Commission (SEC)Thinking About ChinaVariable Interest Entities (VIE)Viewpoints
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