Chinese companies are transitioning to a different model to raise money by going public. When one of China’s concept stocks is delisted from the United States, it is then listed in Hong Kong or China. At the same time, the Chinese Communist Party (CCP) is working hard to present an image of economic prosperity to…
Beijing Setting Up a Trap to Collect Money From Wall Street, Says China Experts
China Expands Domination Over Companies
December 30, 2021
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Commentary Western finance experts used to recognize two categories of Chinese companies, such as state-owned enterprises and privately held (including publicly traded) enterprises. That distinction is increasingly passé; soon, all Chinese companies—no matter their legal and financial ownership—could become effectively state controlled. Reuters recently reported that the Chinese Communist Party (CCP) is expanding use of…
Death of Chinese Tycoon Xie Triggers Selling in Firms He Controlled
SHANGHAI—Shares of Chinese companies controlled by Zhongzhi Enterprise Group Co., Ltd., founder Xie Zhikun plunged on Monday, after the unexpected death of the rags-to-riches tycoon triggered fears of disorder in a business empire spanning mining to asset management. All nine listed companies controlled by Xie, 61, including education firm Dalian My Gym Education Technology Co.,…
Some Companies Suspend Production in Zhejiang Province Because of Virus Outbreak
SHANGHAI—More than a dozen Chinese-listed companies said they had suspended production in coronavirus-hit parts of China’s eastern Zhejiang Province in response to local government’s tightened COVID-19 curbs, causing their share prices to plunge. Zhejiang reported a total of 173 locally transmitted cases with confirmed symptoms during the Dec. 6–12 period, official numbers showed on Monday,…
Alibaba, Tencent, and JD Lead Hang Seng Higher as Investors Focus on China-US Summit
Shares of Alibaba Group Holding Limited, Baidu Inc., Tencent Holdings Inc., JD.Com Inc., and Li Auto Inc. rose in Hong Kong on Tuesday, while Xpeng Inc. traded lower. What’s Moving Chinese e-commerce giant Alibaba’s shares traded 1.8 percent higher at about $21.11 in Hong Kong, while technology company Baidu’s shares have risen 0.6 percent to…
NTD Business Full Broadcast (Sept. 23)
There’s weakness in the labor market, as more Americans applied for jobless benefits last week. What’s the outlook for the economy? A new report says the global chip shortage could cost carmakers much more than initially thought. How bad could it be? Hundreds of Chinese companies could be delisted from American stock exchanges, as the…
Report Reveals Human Rights Cost of China’s Global Investment
A rights group has recorded more than 600 human rights abuses allegedly committed by overseas Chinese businesses between 2013 and 2020. A report (pdf) by the Business and Human Rights Resource Centre (BHRRC) profiles 679 allegations of overseas Chinese businesses by sector, region, and issue. The Aug. 11 report titled “‘Going Out’ Responsibly: The Human Rights…
A Time Out to Reassess Chinese Stocks
August 15, 2021
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Commentary Beijing policymakers have sought to calm the financial markets after a period of heavy-handed and unexpected crackdowns on several sectors. Now is a good opportunity for foreign investors to reassess their investments in Chinese companies. After a period of market volatility, Beijing authorities have unveiled a broad five-year plan to regulate large swaths of…
Chinese Companies Becoming Increasingly Uninvestible
Commentary After a tumultuous period for U.S.-listed Chinese companies, many U.S. investors are finally concluding that Chinese companies are not worthy of a place in their portfolios. On July 30, the U.S. Securities and Exchange Commission issued a broad halt on new Chinese IPOs listing in the United States until risks posed to investors can…
Chinese Tech Stocks Slump as US SEC Begins Rollout of Law Aimed at Delisting
March 25, 2021
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WASHINGTON/HONG KONG—Shares in dual-listed Chinese companies fell sharply on Thursday in Asia after the U.S. securities regulator adopted measures that would kick foreign companies off American stock exchanges if they do not comply with U.S. auditing standards. The move by the Securities and Exchange Commission (SEC) adds to the unprecedented regulatory crackdown in China on…
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