Part 4/9:
The backdrop of these discussions recalls the implementation of the Holding Foreign Companies Accountable Act in the U.S. approximately four years ago. This legislation necessitated Chinese firms to comply with audit requests, and its fallout resulted in many companies voluntarily delisting, exacerbating the declines in Chinese stocks. The analysts hint at possible future outcomes where companies such as Pinduoduo, which has no Hong Kong listings at the moment, could face significant losses and a mass exodus from U.S. indices, impacting billions in capital.