On April 21, local time in the United States, another 17 companies including Ideal Motors, Best Group and Shell were included in the "pre-delisting list" by the United States. On that day, Chinese concept stocks tumbled.
In fact, investors need not worry too much about this.
Regarding the listing, the person in charge of the relevant department of the CSRC has publicly explained that this is a normal procedure for the US regulatory authorities to implement the "Foreign Company Accountability Act" and is a normal step.
However, entering the list does not mean delisting.
Whether the listed companies will actually delist in the next two years will ultimately depend on the progress and results of China-US audit and supervision cooperation.
At present, China and the US Public Company Accounting Oversight Board are conducting several rounds of talks, which are progressing smoothly.
On the evening of April 21, at the sub-forum of the Boao Forum for Asia 2022 Annual Conference "When China's Capital Market Opens Up", Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said that China will continue to expand its high-level opening to the outside world.
It is believed that the uncertainty of Chinese concept stocks will be eliminated, and a cooperation agreement will be reached soon.
At the legal level, the China Securities Regulatory Commission recently solicited public opinions on the "Regulations on Strengthening Confidentiality and File Management Related to the Overseas Issuance and Listing of Securities by Domestic Enterprises".
This opinion provides institutional guarantees for carrying out cross-border cooperation in the form of joint inspections.
Rational investors will not "listen to the wind is the rain" and be engulfed by extreme emotions.
The current international situation is full of uncertainties, and geopolitical tensions have further exacerbated global inflationary pressures.
However, from the perspective of economic fundamentals, my country's economy is resilient and has a huge domestic market. In the first quarter, GDP increased by 4.8% year-on-year. The growth rate has rebounded from the fourth quarter of last year. The fundamentals of long-term economic development have not changed.
my country's confidence and will in reform and opening up will not be shaken, and it will continue to encourage more foreign-funded institutions to enter the Chinese market and strengthen international financial supervision cooperation.
Data show that from 2019 to 2021, the cumulative net inflow of foreign capital into the A-share market was 887.4 billion yuan, and the current proportion of foreign capital is about 4.5%. It is expected that the net inflow of foreign capital will still be considerable this year.
The listing of Chinese concept stocks in the United States has achieved a win-win situation for Chinese companies, emerging industries and international investors.
my country's attitude to support the overseas listing of various companies will not change, and the proper resolution of the issue of Chinese stocks is in line with the development of the Chinese and American markets and the common interests of global investors.Keywords: