US GOVERNMENT JUST SCREWED ALL THE CHINESE INTERNETS
A U.S. government group has released a report warning that investors face “major risks” if they buy shares in Chinese companies like e-commerce giant Alibaba Group Holding Ltd. MENTIONED BIDU!!!!LMFAO!!!!!!!!!!!!!
Did you read the article? QIHU IS NOT A VARIABLE INTEREST ENTITY! And Baidu has been a VIE since its IPO. For companies as big as BIDU and Alibaba, the issue of contracts and ownership offshore in the Caymans and elsewhere is a non-issue. Its only an issue in which the company will go bankrupt or the principals are engaged in fraud and malfeasance. Contract law is still in effect in China either way. Even though the ownership is structured offshore, the courts in Mainland China can still order restitution and bar a Chinese company with a VIE structure from doing business in the PRC. So that would be a death sentence for any of these companies. Its just a non-issue except for fly-by-night outfits.
Did they say this after BIDU ipo. BIDU had a few splits so far. China is smart, except a few tiny businesses, they are good leaders just like in U.S
Is GS for example always do the right thing? is our government always good. How about IRS?
It seems like when chinese businesses growing, someone will come out to trash china.
OK, then stop China from listing their stocks here as a rule. Have they catched any big businesses doing wrong things? Is AAPL GOOGL, etc put money overseas to hide from taxes?
Chinese work with big U.S firms like GS BAC JPM, etc...
Change the law for all, no more listings is U.S
No more money overseas. Stop our companies from putting their money outside of U.S.
Close the door, no more global economy to see if U.S can survive???
Focus on working with people, not attacking people of our fear.
What is our GDP?? oops, a big less than %. What is china GDP?? you know the number.