Beijing gives the U.S.A. full access to Chinese company accounts

Featured image of the article Beijing gives the U.S.A. full access to Chinese company accounts

An article by Sophie Baqué

Publication

6 January 2023 à 12h07

Updated on 16 January 2023 à 16h42

Reading time

1 minute

Publication: 6 January 2023 à 12h07, Updated on 16 January 2023 à 16h42

Reading time: 1 minute

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An article by Sophie Baqué

Publication

6 January 2023 à 12h07

Updated on 16 January 2023 à 16h42

Reading time

1 minute

Publication: 6 January 2023 à 12h07, Updated on 16 January 2023 à 16h42

Reading time: 1 minute

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According to The Information, several US-listed Chinese tech giants are cancelling plans to list in Hong Kong. Among them, Pinduoduo (capitalised at US$100 billion) and Full Truck Alliance, a commercial freight company valued at US$ 9 billion.

This indifference for a Hong Kong stock market listing follows Beijing’s unprecedented decision to give a US accounting watchdog full access to inspect and investigate Chinese companies and accounts. This concession made by Beijing highlights the dependen

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Featured image of the article Sophie Baqué
Sophie Baqué
Featured image of the article Sophie Baqué
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