BFM Podcast

US - Sacrificing Competitiveness For Accountability?

Tan KW
Publish date: Fri, 18 Dec 2020, 01:14 PM
US - Sacrificing Competitiveness For Accountability?

18 December 2020

Produced by: Shazana Mokhtar

Presented by: Lyn Mak, Roshan Kanesan, Wong Shou Ning

In the US, Congress has passed the Holding Foreign Companies Accountable Act, which could see Chinese companies delisted from US stock exchanges for not complying with audit oversight rules. Considering there are more than 200 Chinese firms listed in the US with a combined market capitalisation of US$2.2 trillion, we ask Brock Silvers, Chief Investment Officer at Kaiyuan Capital, whether this move will eventually weaken US capital markets or if transparency is a worthy trade-off in the long run.

Image Credit: Shutterstock.com

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