Category: Cheating Wall Street

Evergrande Sags Under Massive Financial Liabilities, Its Future Uncertain

September 30, 2021
Cheating Wall StreetChinaChina Business & EconomyChina Evergrande GroupChina private enterprisesHNA GroupSpecial Topics
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As Evergrande and its Chairman Xu Jiayin’s fate is sagging under millions of liabilities, on September 24, another private enterprise giant HNA (HNA Group Co., Ltd.)—being under bankruptcy reorganization—through its official WeChat announced that its chairman and the chief executive officer had been arrested. The news was also confirmed on the same day by Gu Gang,…

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Variable Interest Entities: China’s Trillion Dollar Shell Game

September 30, 2021
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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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…

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GOP Senators Urge SEC to Investigate Chinese Companies on American Stock Exchanges

July 30, 2021
Business & EconomyCCPCheating Wall StreetChinaSECSpecial TopicsStock ExchangesUS-China relations
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A group of Republican lawmakers are urging the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, to investigate Chinese companies listed on U.S. stock exchanges, after “billions of dollars were snatched” from American investors following a crackdown on firms by officials in China. Senators John Kennedy (R-La.) Dan Sullivan (R-Alaska), Marsha Blackburn…

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Growing Crackdown Sparks Foreign Exodus From Chinese Stocks

July 27, 2021
BusinessBusiness & EconomyCheating Wall StreetChinaChinese educationChinese RegimeChinese stockscrackdownDidieconomyFinance & Business TiesInvestmentSpecial TopicsU.S. capital marketsUS
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WASHINGTON—China has escalated its regulatory crackdown on its private sector, sending shockwaves across the global markets. The move, which wiped out more than $765 billion of value from U.S.-listed Chinese companies in the past few months, sends a stark message to dozens of domestic firms that seek to tap into U.S. capital markets. Beijing’s crackdown…

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US-Listed Chinese Companies Must Disclose Government Interference Risks–SEC Official

July 27, 2021
Business & EconomyCheating Wall StreetChinaChinese RegimeDidieconomyFinance & Business TiesSEC - U.S. Securities and Exchange CommissionSpecial TopicsUS
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WASHINGTON—Chinese companies listed on U.S. stock exchanges must disclose the risks of the Chinese government interfering in their businesses as part of their regular reporting obligations, a top U.S. Securities and Exchange Commission (SEC) official said on July 26. Democratic commissioner Allison Lee’s comments are the first by an SEC official since Chinese regulators launched…

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Exposing the Red Elites Behind China’s Uber (Part 1)

July 19, 2021
AlibabaBusiness & EconomyCheating Wall StreetChinaChinese RegimeDidiDidi ChuxingFinance & Business TiesmilitarySpecial TopicsUS-China relations
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China’s largest online ride-hailing platform, Didi Chuxing, was listed on the New York stock exchange at the end of June. Days later, a cybersecurity review followed along with the removal of all its apps, resulting in its share price plunging. It was a massive reversal of fortunes which also resulted in the exposure of some red power…

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Xi Signals “Impossible” for Tech Giants to Seek Overseas Listing, Says Expert

July 13, 2021
Business & EconomyCheating Wall StreetChinaChinese RegimeDidiFinance & Business TiesSpecial Topicsstability maintenanceState Council
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China’s homegrown tech giants confront insurmountable obstacles when listing abroad, as the Communist Regime has stepped up efforts to control them, says a China expert. Li Hengqing, a scholar at the Washington Institute for Information and Strategy, said the proposed scrutiny of all offshore listings was aimed at stopping companies’ data, and more importantly, money…

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Kyle Bass: The ‘Cancer’ of China’s New Digital Currency

July 10, 2021
American Thought LeadersCheating Wall StreetChinaChinese Communist PartyEpoch TVFinance & Business TiesGlobal ExpansionInfiltrating the Westkyle bassSpecial TopicsUS-China relations
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“Imagine a currency that almost has a mind of its own … It knows your account data, knows your birthday, your social security number, where you live” and exactly what you like to buy. And all of this knowledge would be sitting in the hands of the Chinese Communist Party. In this episode, Kyle Bass,…

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