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Shares in Chinese stocks listed in the US continue to fall after the Securities and Exchange Commission launched administrative proceedings against the Chinese affiliates of the big four auditors - Deloitte, Ernst & Young, KPMG and PwC - and BDO for refusing to produce audit papers on Chinese companies under investigation for possible accounting fraud. Lex's Robert Armstrong and Julia Grindell discuss the dilemma for investors left hanging on to shares in Chinese US-listed stocks.
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AVA Investment Analytics
AVA Investment Analytics (AVAIA) is the public markets division of Apex Venture Advisors, LLC. AVAIA is overseen by Mike Stathis, our Chief Investment Strategist.