Saga of US-listed Chinese stocks
- 5 years ago
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Shares in Chinese stocks listed in the US continue to fall after the Securities and Exchange Commission launched administrative proceedings against the Chinese affiliates of the big four auditors - Deloitte, Ernst & Young, KPMG and PwC - and BDO for refusing to produce audit papers on Chinese companies under investigation for possible accounting fraud. Lex's Robert Armstrong and Julia Grindell discuss the dilemma for investors left hanging on to shares in Chinese US-listed stocks.
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http://www.ft.com/intl/cms/s/0/6ee44ace-3d6d-11e2-9f35-00144feabdc0.html
For more video content from the Financial Times visit http://www.FT.com/video
Shares in Chinese stocks listed in the US continue to fall after the Securities and Exchange Commission launched administrative proceedings against the Chinese affiliates of the big four auditors - Deloitte, Ernst & Young, KPMG and PwC - and BDO for refusing to produce audit papers on Chinese companies under investigation for possible accounting fraud. Lex's Robert Armstrong and Julia Grindell discuss the dilemma for investors left hanging on to shares in Chinese US-listed stocks.
Related Articles:
http://www.ft.com/intl/cms/s/0/0b08be98-3dce-11e2-b8b2-00144feabdc0.html
http://www.ft.com/intl/cms/s/0/6ee44ace-3d6d-11e2-9f35-00144feabdc0.html
For more video content from the Financial Times visit http://www.FT.com/video