Is the USA that is unreasonable but you didn’t see it that way. China stocks went through due process (didn’t sneak in illegally) and deem pass the requirements to be listed in the stock exchanges. Now Trump come up issues with them and insist that they should be de-listed. If it didn’t pass requirements, they shouldn’t be listed in the first case. If there are anything wrong, go after those that approve their listings. Simple logic.
Trivial analogy. Say, I was admitted to the Stanford CS program without taking Physics C (was a requirement but was given exemption because I have taken Physics AP). At 3rd year, it was decided that it is mandatory to have completed Physics C. Now I am deem not fulfilling my requirements, so I have to take Physics C or kick out of the program. The University talks like you, as if, I have done malignant thing.
If the Chinese company went through due process, why is it so difficult for Chinese companies to report in GAAP standards? Can’t these companies hire accountants ? You try to say Trump is evil. But, didn’t Trump also become president through a due process?
Are you accusing Trump of singling out Chinese companies? I want to know whether these exchanges are asking only Chinese company to report in GAAP standards?
I think you pretend not to understand the actual issues with listing and the intent of the change. There are such things as exemptions and alternate ways that pass audit requirements. Read my trivial analogy. If they are not good enough as replacements, shouldn’t have been deemed enough to pass requirements to be listed in the first case.
I am saying Trump is unreasonable and finding faults with China. Don’t put words in my mouth, I didn’t use the word, “evil”. Since you love to pretend, allow me to list out some accusations (no evidence) by WH/ Trump,
origin of coronavirus is from Wuhan Lab despite many scientists already say is nature.
claiming that WH is aware of Covid-19 on Jan 19 even though everybody hear of it since Dec 31.
meddle with internal affairs of China e.g. HK issue. One country, two systems don’t make HK a separate sovereignty.
trying to cite defunct Qing debentures as valid loans.
There are lot of things I do not know about China. Specific to the matter of listing on the US exchanges, All I am trying to understand is whether the Trump Administration, the SEC, the Exchanges acting in a discriminatory (or illegal) manner when it comes to Chinese company listing on the US exchanges.
What is baffling me is the insistence of the Chinese company to not report in GAAP format.
On Jun 12, Jim Cramer, “Alibaba is a winner. Alibaba is the Chinese Amazon. It is the only Chinese stock I am recommending. Why? Because the financials look just like American ones.”
Friday closed at $261.01, +20% from Jim’s comment.
Personal like or disliking of person should not cloud the view on what the person says or does. I can understand Trump is not liked personally, but if the same person does things for a good reason, like keeping the sanctity of exchanges, you have to give him credit.
Anyway, the biggest thing that I want to understand is how to convert information into money.
BTW, I am fully for winding down SEC and all the financial regulatory agencies because I believe the presence of these agencies gives a false sense of security to investors. The investors take bigger risk than they would otherwise take. Without these agencies, the investors would scrutinize these companies better and invest sparingly. Less bubble creation, and a stable financial market.
This fits the general pattern. Pony Ma has also been selling. Xi wants central party control of all the important private firms. China is going back to the dark days of Mao.
Yes, we absolutely cannot allow a hostile nation control a massively popular social media app. Didn’t we learn anything from Russians’ weaponization of Facebook to subvert our elections?
Any social media is a threat to any nations since they steal the political narrative of the government. Either nationalized them or ban them. That is, if you are not Americans, don’t use FB and SNAP. If you are not China Chinese, don’t use TikTok. I don’t use any of those threes.
This is not how democracies work. In a perfect democracy, people are government, and government is people. They are interchangeable. The government exists and performs with the “consent” of the governed. Neither is government a threat to people, nor are people a threat to government. I cannot say the same for communist and other authoritarian regimes. That is why free flow of information and freedom of speech is very important in free and democratic societies. Social media is one of the enabler of that freedom. However, the problem is when some media companies usurp the media to control the information and pick and choose whose voices and be heard and whose to be shut down. That is where almost all FAANG companies fail, by not living upto democratic ideals. They are the one trying to control the narrative. As it always had happened, in a war between free people and group organized behind an agenda, free people always win in the long run. We are witnessing this conflict as we speak. At least I can see it and sense it.
Do you realize you are not talking sense? Got perfect? If no, why cite perfect is not a threat? So in real life, is a threat right? Why do we have rights to bear arm?
Facebook, Amazon, Google, Twitter, YouTube all are accused of being hostile to the subscribers they do not like. I am not aware of Netflix/Apple. These companies are accused of misusing the immunity given to them under section 230 of communication decency act of 1996 to promote their own ideas. They are threat to both free speech and free markets. Government action on these companies will start with latter, although suppression of free speech remains just as heinous a crime.
from Jim’s comment.
Ofc, he is unreasonable. His reason is BS - talk next time over coffee 
invite 
