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US Senate’s bill to fence off Wall Street from Chinese companies may turn into a helping hand to Hong Kong stock exchange

Summary:
[unable to retrieve full-text content]Hong Kong’s stock exchange may turn out to be the winner in the escalating tension between the US and Chinese capital markets, after the United States Senate passed an unprecedented bill to fence off Wall Street from Chinese companies.The bill, which received bipartisan, unanimous support in the Senate, requires fundraising applicants to prove that they are not owned or controlled by foreign governments before they can list on a US bourse, and require them to submit audits to the US Public…

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[unable to retrieve full-text content]
Hong Kong’s stock exchange may turn out to be the winner in the escalating tension between the US and Chinese capital markets, after the United States Senate passed an unprecedented bill to fence off Wall Street from Chinese companies.The bill, which received bipartisan, unanimous support in the Senate, requires fundraising applicants to prove that they are not owned or controlled by foreign governments before they can list on a US bourse, and require them to submit audits to the US Public…

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