No matching results for ''
Tip: Try a valid symbol or a specific company name for relevant results
Work & Management
UK markets close in 6 hours 52 minutes
NIO Inc. (NIO)
NYSE - NYSE Delayed price. Currency in USD
Add to watchlist
At close: 04:02PM EST
516,802 reactions on $NIO conversation
Sign in to post a message.
China Securities Regulatory Commission: Will continue to maintain candid communication with US regulatory counterparts, and resolve the remaining issues of audit regulatory cooperation as soon as possible
Issued by the Securities Regulatory Commission2021-12-05 17:00Fine print
Q: Recently, the United States Securities Regulatory Commission (SEC) announced the detailed rules for the implementation of the "Foreign Company Accountability Act", and individual companies announced their delisting from the United States, which aroused widespread concern in the market. Does the SFC have any comment on this? What are your views on China-US cooperation in audit supervision and the prospects for domestic companies to go public in the United States in the next step?
A: We have noticed these situations, and we are also concerned about the market's concerns about China-US audit and supervision cooperation and the prospects of domestic companies going public in the United States in the next step. The China Securities Regulatory Commission and relevant regulatory authorities have always maintained an open attitude towards companies choosing overseas listing locations, and fully respected companies' independent choice of listing locations in compliance with laws and regulations. Recently, some media reports that Chinese regulatory authorities will prohibit agreement-controlled (VIE)-structured companies from listing overseas and promote the delisting of Chinese companies listed in the United States. This is a complete misunderstanding and misunderstanding. As far as we know, some domestic companies are actively communicating with domestic and foreign regulatory agencies to promote listing in the United States.
In terms of China-US audit supervision cooperation, the China Securities Regulatory Commission has recently conducted candid and constructive communications with regulatory agencies such as the US SEC and the US Public Company Accounting Oversight Board (PCAOB) on solving problems in the cooperation, and discussed some key issues. Positive progress has been made in advancing cooperation. We believe that as long as the regulatory agencies of both sides continue to carry out dialogues and consultations based on the principles of mutual respect, rationality, pragmatism, and professional trust, they will be able to find a cooperation path that is acceptable to both parties. In fact, China and the United States have been cooperating in the field of audit and supervision of China's concept stocks, and they have also explored effective cooperation methods through pilot inspections, laying a good foundation for cooperation between the two parties. However, in recent years, some political forces in the United States have politicized capital market supervision, suppressed Chinese companies listed in the United States for no reason, and forced Chinese companies to delist. This not only violates the basic principles of market economy and the concept of the rule of law, but also harms the interests of global investors. And the international status of the U.S. capital market is a kind of "lose more" approach, which is not good for anyone. In today's highly globalized capital market, it is even more necessary for regulators to deal with audit and supervision cooperation issues in a pragmatic, rational, and professional manner. Forcing Chinese companies listed in the United States to delist from the market should not be a responsible policy option.
For a period of time, relevant Chinese regulatory authorities have issued a series of policies and measures to promote the standardized development of the platform economy, the main purpose of which is to regulate monopolistic behavior, protect the rights and interests of small and medium-sized enterprises, data security, and personal information security, eliminate the financial regulatory vacuum, and prevent capital disorder expansion. In response to these new problems and new tests, regulatory agencies in various countries are also trying to adopt different regulatory measures to promote a healthier and more sustainable development of the platform economy. Therefore, the relevant policies issued by the Chinese government are not a suppression of specific industries or private enterprises, nor are they necessarily related to overseas listing activities of enterprises.
In the process of implementing relevant regulatory measures, the relevant Chinese regulatory authorities will unswervingly promote reform and opening up, adhere to the "two unwavering", coordinate and handle the relationship between investors, enterprises, and regulators, and further enhance the transparency of policy measures And predictability. The China Securities Regulatory Commission will also continue to maintain candid communication with US regulatory counterparts, and strive to resolve the remaining issues in the audit and regulatory cooperation as soon as possible.
China Securities Regulatory Commission: We will continue to maintain frank communication with U.S. regulatory counterparts and solve the remaining problems of audit regulatory cooperation as soon as possible
The China Securities Regulatory Commission released 2021-12-05 17:00 small words
Q: Recently, the Securities Regulatory Commission (SEC) announced the implementation rules of the Foreign Company Accountability Law. Some enterprises announced the launch of delisting from the United States, which attracted widespread market attention. May I ask what comments the CSRC has on this? What are your views on Sino-US audit regulatory cooperation and the prospect of domestic enterprises listing in the United States in the next step?
Answer: We have taken note of these situations, as well as the market's concern about Sino-US auditing and regulatory cooperation and the prospect of domestic enterprises going public in the United States in the next step. The China Securities Regulatory Commission and relevant regulatory departments have always been open to the choice of overseas listing places by enterprises, and fully respect the independent choice of listing places by enterprises in accordance with the law and regulations. Recently, some media reported that China's regulatory authorities will ban agreement control (VIE) architecture enterprises from listing abroad and promote the delisting of Chinese enterprises listed in the United States, which is completely a misunderstanding. As far as we know, some domestic enterprises are actively communicating with domestic and foreign regulators to promote listing in the United States.
In terms of Sino-US audit regulatory cooperation, the China Securities Regulatory Commission has recently communicated frankly and constructively with the US SEC, the American Public Company Accounting Supervision Commission (PCAOB) and other regulatory agencies on solving the problems existing in the cooperation, and made positive progress in promoting cooperation on some key matters. We believe that as long as the regulatory agencies of the two sides continue to carry out dialogue and consultation based on the principles of mutual respect, rationality and pragmatism and professional mutual trust, we will definitely find a path of cooperation acceptable to both sides. In fact, China and the United States have been cooperating in the field of audit supervision of China Concept Stock, and have also explored effective ways of cooperation through pilot inspection, laying a good foundation for cooperation between the two sides. However, some political forces in the United States have politicized capital market supervision in recent years, unprovokedly suppressed Chinese enterprises listed in the United States, and coerced Chinese enterprises to delist. This not only contradicts the basic principles of the market economy and the concept of the rule of law, but also damages the interests of global investors and the international status of the U.S. capital market. It is a kind of "more loss" It's not good for anyone to do it. In today's highly globalized capital market, it is even more necessary for regulators to deal with audit regulatory cooperation in a pragmatic, rational and professional manner. Forcing Chinese enterprises listed in the United States to delist should not be a responsible policy option.
For a period of time, China's relevant regulatory authorities have issued a series of policies and measures to promote the standardized development of the platform economy. The main purpose is to regulate monopoly behavior, protect the rights and interests of small and medium-sized enterprises and data security, and personal information security, eliminate the financial supervision vacuum, and prevent the disorderly expansion of capital. In response to these new problems and tests, national regulators are also trying to adopt different regulatory measures to promote the healthier and more sustainable development of the platform economy. Therefore, the relevant policies issued by the Chinese government are not to suppress specific industries or private enterprises, nor are they necessarily related to the overseas listing activities of enterprises.
In the process of implementing relevant regulatory measures, China's relevant regulatory authorities will unswervingly promote reform and opening up, adhere to the "two unwavering", handle the relations between investors, enterprises, regulators and other parties as a whole, and further improve the transparency and predictability of policies and measures. The China Securities Regulatory Commission will also continue to maintain frank communication with its U.S. regulatory counterparts to try to solve the remaining problems in audit regulatory cooperation as soon as possible.
Read the full text
More good news. The only bad news is fake news. Big deal with a European rental company.
Stock futures ripping higher as Omnicron is nothing to worry about! China,USA and the SEC meet to keep Chinese companies listed. NIO is safe and was never an issue. Tomorrow we start the week out right:)
INVESTOR 4 LIFE
I was at 6000 shares on Thursday morning, I increased my position to 14,000 shares on friday. If it goes down, well I will buy more. I do not do margin, so worst comes worst, I will do so. I m not afraid of losing, I am pretty sure it will go up. If all longs set their sell limits to $100 or more, the shorts will not have shares to borrow to short it. Sky has no limit for NIO. Yes, sometime our fingers go to sell button but I will not do it again. I lost more than $250,000 when Nio went from 65 to 31, I sold it at 32. Then it went back up again to 50's. Dont make the mistake I made, the MM's will play with this stock. I recovered my $250K and lost again 100K last week. Well, tough! I have been in it since it was $3ps.
so all this bs fear is for manipulation of the stock.
The watchdog also called for pragmatic China-US cooperation on audit oversight, stressing that forcing US-listed Chinese companies to delist isn’t a responsible policy option. “Positive progress” has been made in talks on regulatory cooperation between the CSRC and US securities and accounting regulators, the agency said.
“The main purpose of (those moves) is to regulate monopoly, to protect the interests and data security of small- and medium-sized firms, as well as personal information security,” the CSRC said in a statement. Some media reports had said that China will likely ban companies with a Variable Interest Entity structure from US listing.
Sad bashers getting paid peanuts to frantically try to spread panic to retail investors on a Yahoo Board. The market sentiment comes and goes but here are the FACTS:
- The variant is a non-issue (mild cold)
- Chinese SEC has squashed delisting rumors, clarifying that they encourage companies to be listed in foreign markets and that it is a misunderstanding.
- NIO has strong fundamentals and is currently undervalued. Look at TSLA in its early days and stop panicking.
Historically, Nio stock price will repeat itself. In 2020 it dropped from $52 to $41 when the delisting had been announced. Within a month NIO hit ATH in the neighborhood of $67. This year will get even higher.
SEC Takes NIO Off Delist Files
In fact, both sides have been cooperating on audit oversight of US-listed Chinese companies, and worked together on pilot inspection programmes in order to find a more efficient way of cooperation, which has laid a good foundation for future cooperation.
Exclusive: China Never Barred Companies From Handing Over Audit Working Papers to U.S., Securities Watchdog Chief Says
CHINA CALLS BS on DELISTING RUMORS
REUTERS - The securities commission said it has held candid, constructive communications with SEC and the Public Company Accounting Oversight Board, and has achieved positive progress in promoting cooperation on some key issues.
It noted, however, that some forces in the U.S. have "politicized" capital market supervision and threatened Chinese companies to delist from the country in recent years, which goes against principles of a market economy and hurts global investors, according to the statement.
The CSRC said it will continue to communicate with its U.S. counterpart to resolve remaining issues in audit and regulatory areas as soon as possible.
from Chinese SEC use google translate! Good news guys
Analyst Price Target on NIO
$60.67 ▲ (88.71% Upside)
Based on 9 Wall Street analysts The average price target is $60.67 with a high forecast of $87.00 and a low forecast of $45.00. The average price target represents a 88.71% change from the last price of $32.15.
Wow !!! China's securities regulator said it maintains an open attitude to where companies seek to raise funds and respects their choices, denying reports of any imminent restrictions on overseas listings as it soothes market jitters to reverse a global sell-off of Chinese stocks.
NIO not a delist company study the VIE structure NIO has been safe since day 1. Second no Chinese company will be delisted until it has three years to comply….three years. NIO already complies…
Didi is a whole separate things China asked to have it taken down because didi stores info the Chinese don’t want others to see like locations of Chinese bases and things. Hence it’s why they won’t let Tesla’s store data in chinas secure locations. So Tesla had to turn that feature off in China.
Do your research….NIO is a Cayman Islands company listed in the USA didi was only Chinese NIO is a global company
Successful people don't become that way overnight. What most people see at glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life
Kind of weird. DIDI was told to never list in America and went against Chinese demands. That isn't the case with other Chinese EV stocks listed in AMerica. I hope this US stance on China clears up before China decides to nationalize American companies in China such as Tsla, Ford, and GM or the Dow will be trading at today's NIO closing price.
Nio Stock Analysis and Predictions [December] - SEC And China Close To Making A Deal
South Park ReefMan
Announced , Nio is not on the non-compliant list for delisting. So all this FUD is exactly that. Rumors to scare shareholders so institutions can buy at a cheaper price.
Smartin up peeps. U are being played by a bunch of FUD.
Tesco shoppers face empty shelves over Christmas strike action
Warren Buffett says these are the best stocks to own when inflation spikes — with high prices no longer 'transitory,' it might be time to follow his lead
Tesco workers to launch pre-Christmas strikes in run-up to Christmas
PA Media: Money
© 2021 Yahoo. All rights reserved.
About our ads