Delisting Chinese Firms: A Cure Likely Worse than the Disease - Jesse Fried

June 9, 2021, Opinion: "In May, the Senate unanimously passed a bill—the Holding Foreign Companies Accountable Act—designed to improve financial reporting by China-based firms trading on U.S. exchanges. Fraud at these firms—including most recently Luckin Coffee—has cost American investors tens of billions of dollars over the last decade. The bill thus targets a real problem. Unfortunately, its remedy is likely to hurt—not help— the American shareholders of these firms."

Non-HKS Author Website - Jesse Fried