FPI / August 21, 2020 Commentary by Jason Orestes Luckin Coffee, a Chinese company listed in the U.S. was once worth nearly $13 billion before it was unearthed that half of its sales, some $300 million, was fraudulent. The stock plummeted well over 90 percent and decimated U.S. investors. This isn’t an isolated incident. Chinese […]
FPI / August 12, 2020 Commentary by Jason Orestes The Trump administration has followed through on a key and far overdue promise to mandate stringent U.S. accounting rules for Chinese companies that trade in U.S. markets. Treasury Secretary Steven Mnuchin made the recommendation to the Securities and Exchange Commission (SEC) last week, and it’s fully […]
