Bank Runs In China After “Rumors” Of Mass Bank Failures, SEC Disables Stock Disclosure Rules (Video)
Daily Coin ^ | 07/17/2020
https://www.freerepublic.com/focus/chat/3866136/posts?page=1
Bank Runs In China After “Rumors” Of Mass Bank Failures, SEC Disables Stock Disclosure Rules (Video)
Daily Coin ^ | 07/17/2020
https://www.freerepublic.com/focus/chat/3866136/posts?page=1
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I am not as concerned with the SEC changes for Institutinal Investors as I am with the lack of enforcement for Chinese Companies. US Companies have strict rules regarding financial disclosures and accounting rules to be listed on the NYSE.
China has basically thumbed their nose at this and do not follow generally accepted accounting principles. So anyone holding Chinese stock basically has a grab bag or less.
I also don’t care so much what institutional investors are buying, since I don’t make my investment decisions on that. I do like to see what the insiders are doing-and that has to be disclosed.