Very slim chance of fraud at Bidu now that Li is part of polituboro
1 reason for Baidu's demise in the 2nd half of last year is the constant buzz of delisting Chinese stocks from US exchanges. This nomination, in my opinion, will lower the risk involved with that possibility. Educated comments r welcome.
The short sellers always circulate dooms and glooms and false rummers. There is no chance in hell that the SEC has the power or the teeth to delist all Chinese Companies Especially with the biggest four accounting firms are involved. Do you know how many millions these firms spend on lobbying armies in Washington.
The Audit issue is a disagreement between Chinese and U.S. regulators and the four U.S. accounting firms and their Chinese operations that conform to Chinese Regulations. It is not specific to Baidu and according to a spokesman with the SEC most likely will be resolved through negotiations sometime later this year. Appointment of Li to this position shows the respect and admiration given the CEO by the Chinese Government.