Author: mpillsbury

Chinese Stock Listings On NYSE, Nasdaq Under Microscope
08Oct

Chinese stock listings on NYSE, Nasdaq under microscope

Last month, Hudson Institute Senior Fellow Michael Pillsbury, an expert on China, pointed out that some of these companies, due to state control, are unaudited. "China says our large companies' internal affairs are state secrets, we are not going to let you audit them. This is really shocking to the average investor that so many Chinese companies are on Wall Street unaudited."
White House Floated Memo To Study Chinese Investment Limits
01Oct

White House floated memo to study Chinese investment limits

Hudson Institute trade expert Michael Pillsbury, an outside advisor to the White House on trade, has voiced support for restricting U.S. capital flowing into Chinese securities. Sen. Marco Rubio, a China hawk, has spearheaded separate pieces of legislation that would slap stricter disclosure rules on Chinese companies listed in the U.S. and ban government retirement plans from investing in Chinese stocks.