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Chinese shares take the risk that hurt us


The monitor demonstrates a plaque on the floor of NYSE (NYSE) in New York in New York in New York, New York on January 30, 2019.

Bloomberg | Bloomberg | Getty pictures

This report is from the publication of CNBC’s Chinese connection bulletin, which manages the second largest economy around the world. Every week, we will explore the biggest work stories in China, we will help you build a Lownown for market movements and for next week. As you can see? You can subscribe here.

The great story

The growing adjustable study of Chinese companies listed in the United States has stained concerns that threaten the decade or run Alibaba And the US exchange on other Chinese companies.

A broad “Everything is on the table“The US Treasury Secretary Scott Bessent said in a statement on April 10, the results of hundreds of $ China shares in Wall Street have taken out the results of the United States.

Thanks to the latest version A law made in 2020The US Securities and Exchange Commission may certify a Chinese fund if the company is considered invaluable with audit queries for two straight years. Paul Atkins swore as SEC chairman on Mondayshowed in a court session last month Protect this process For investigating the US shares listed in the United States.

The press spread of the ongoing analytics and Bessent’s comments reflects how much uncertainty is expanded – even a related piece of New York Post Tabloid.

“In the extreme scenario, if US investors are banned to invest in Chinese securities, they may have to cancel $ 800 billion worth of $ 800 billion in US shares.

China investors estimated that US financial assets, about $ 370 billion worth of reserves and $ 1.3 billion in the US-bonds.

Kraneshares, who watched Chinese shares following the 5th $ 5.9 billion exchange trade fund, informed its customers in the last week Chinese companies were “low probability”. In 2022, in the previous period of harmful fears in 2022 returned began to change his bulk KRANESHARES CSIS Tile Internet ETF (B) Holding to Hong Kong-trade shares of Chinese companies listed in the United States. Kraneshares reiterated this approach to the “impossible event” of Chinese companies quoted in the United States

Alibaba was listed in addition Shares in Hong Kong in 2019Five years after a mass outcome Preliminary public offer in New York. Baidu, JD.com and several other Chinese companies also offered shares in Hong Kong in recent years, Temu parent PDD holdings In fact, it should still do it.

PDD did not respond to the CNBC request for immediate comment. The e-commerce company has transferred headquarters From China to Ireland in 2023.

White home memory

US President Donald Trump in the background here “America’s first investment policy“Memo published in late February. This, along with the renewal of both investments in investments in Chinese institutions, as well as the updates of commonly used listing structures, with violations in 2020

Memorial, many government agencies are a wide mandate for “application of existing rules and create new rules and create new rules.”

MA, “The author of the digital war, the technological power of China shapes the future of AI, Blokchain and cyber space,” he said. “Delisting can come faster than you think,” he said.

Accounting board of the Public Company, which is under the control of the SEC, He said in 2022 It was Able to check audit records Potentially affected Chinese companies. So far, “there is a risk of apples of securities in terms of legislation,” Sec website.

The SEC did not respond to CNBC’s desire to comment, PCAOB refused to comment.

Political opposition

On the last day of last week, China’s extreme committee, JPMorgan Chase CEO Jamie Dimon and Bank of America CEO Moynihan, letters demanding investment banks To remove Hong Kong IPO’s underwriting The Chinese battery giant modern amperex technology. JPMorgan, the Bank of Bank did not answer.

Trump’s last Saliva with Harvard It means more inspection of how the US universities do not have billions of billions of billions of Chinese investment funds.

The Home Committee previously conducted research from the Future Union of the US Advocacy Group How was US pension funds and university contributions were suppressed.

“Atkins are under pressure to take a belief against dual standards of decades. He also manages the partner in Bastille in San Francisco-based Venture Capital.

“Delisting was overdue and surpassed his hand with Chinese, Stonewalling regulators and likes Luckin coffee fraud by inactivity, “he said. Now they will lose secondary funding roads without control. “

China has a securities regulator wanted to increase control Local companies Listed AbroadIn 2021, Didi in 2021 followed the US IPO and the next delist. Several Chinese companies have been listed in the United States in recent months in the United States in recent months, including Chinese milk tea company in the United States Qage last week.

The concerns that are legally disturbing the wiping can be exaggerated, as it is a lifting delay in a compulsory striking cavity – at least nearby. Investors can first choose to vote with their legs.

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You should know

The White House gives a potential factor in tension in China. US Treasury Secretary Scott Bessent told investors on Tuesday The US-China Trade War is “very close to” A person in the room informed CNBC. The comments came a day after China that Beijing was revealed against calling countries to isolate.

Nvidia visited Jensen Huang China and met several outstanding figures. Huang had Official meeting with Chinese Vice Premiere Thursday in Beijing and and Deepseek was reported to be Liang Wenfeng. The latest Pew research survey of Americans found a Softening in negative landscapes to China.

In China, local governments will raise the sales of Bitcoin to the shore of empty coffins. Reported in this regard Reuters Thursday. China has banned criteria for years and has been sitting on the assets seized by local government on cash. Unemployment among the 16-24 years old Chinese youth has fallen from 16.9% to 16.5% March, according to official data.

In the markets

Chinese and Hong Kong shares traded in a positive area on Wednesday, as invested in investors Potential hanging of US-China trading tensions.

Mainland China CSI 300 Hong Kong has increased by 0.15% Hang Seng Index – Includes several large Chinese companies – clocked to 11:00% local time to 2.16%.

Since the beginning of this year, CSI lost 300, 3.7%, Hang Seng index increased by 9.67%.

The income of the 10-year Chinese government bond was slightly dragged to 1,660%.

The Chinese Yuan in the sea, marginalized.

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Performance of the Shanghai composition during the last year.

Go out

April 27 – 30: The Permanent Committee of the China Parliament, meeting and reviewing the Private Sector Support Law

April 30: Index of official procurement managers for April; Caixin Production PMI

May 1 – 5: China’s Labor Day holiday



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