A commission of security and economic experts convened by Congress set forth a series of recommendations on Wednesday regarding the relationship with China, as bilateral trade returns to pre-trade-war levels and U.S. investments in the communist-controlled nation are on the rise. The annual report (pdf) from the influential U.S.-China Economic and Security Review Commission called…
Variable Interest Entities: China’s Trillion Dollar Shell Game
September 30, 2021
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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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