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|8th June 2015, 05:43||#1|
Join Date: May 2010
Chinese companies want to escape from New York
Start spreading the news, the Chinese are leaving today, they don’t want a part of it –New York, New York.
Chinese tech firms are looking to drop their listings in New York and head back home where they have higher share valuations and the Stock Market never sleeps.
Their mind-set is also helped by the fact Beijing is going to formally outlaw foreign shareholder control of firms in protected tech sectors.
While you would think the US would be happy to see the back of them. After all, the US politicians have been spitting bile at them for ages, claiming against all evidence, that they are spying on the US.
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