SEC Warns US Investors About Risks Of Buying Chinese Stocks As Crackdown In Beijing Continues
A few weeks ago, the SEC quietly shut down the processing of any new Chinese IPOs, which seemed almost comical to us, considering any underwriter would probably have trouble lining up the financing since there’s approximately zero appetite for new Chinese listings in the post-DIDI world. And not because of what’s happening on the American side, but due to the mounting political risks in China.
