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🧵U.S.-China Economic and Security Review Comm. 2021 Annual Report to Congress
5 sections: competition (92 pages), economic relations(168), security(100), Taiwan(52), HK(52). 500+ pages, 1.5 hr video, 32 recommendations, w. 10 top recommendations.
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5 sections: competition (92 pages), economic relations(168), security(100), Taiwan(52), HK(52). 500+ pages, 1.5 hr video, 32 recommendations, w. 10 top recommendations.
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Directly relevant, top recommendation related to Chinese VIE structured companies.
The commission not clear whether prohibition of VIE companies are limited to US listed or not. In the next 3 years most Chinese companies will be moving US listings to HK/mainland. /2
The commission not clear whether prohibition of VIE companies are limited to US listed or not. In the next 3 years most Chinese companies will be moving US listings to HK/mainland. /2
I myself have written extensively on VIE. It is not straightforward to say VIE is illegal in China, as VIE structured companies are now listed on China's own exchanges, folded into merge and acquisition regulations. /3
