2020-06-19 18:59:36, , source

Content Categorization
/Business & Industrial

Word Count:
755

Words/Sentence:
29

Reading Time:
7.55 min

Reading Quality:
Advanced

Readability:
16th or higher

Media Sentiment
Proprietary sentiment analysis on both the headline and body text of the article. Sentiment scores range from -1 (very negative sentiment) to 1 (very positive sentiment).
RCS Analysis
Relative scoring for Risk, Crisis, and Security language within the article.
Risk Score
Scoring based on the composite risk, security and crisis language within an article compared to a baseline of historic analysis across thousands of diverse articles.
PESTEL Scope
Analysis of article orientation across the PESTEL macro-environmental analysis framework. Learn more about PESTEL.
Entity Word Cloud
Key people, places, organizations and events referenced in the article, weighted by frequency and colored based on contextual sentiment.
Auto Summary
Condensing key features of the article based on salience analysis. Helpful for “gisting” the article in a time crunch.

Bill S.945, passed by the Senate last week, states any US-listed Chinese company that does not allow the Public Company Accounting Oversight Board (PCAOB) to review their audited financials for three consecutive years could be delisted1.

While the risk of fraud can never entirely be avoided (look at Enron and WorldCom in the US) we do not believe a single bad actor, like Luckin Coffee, is indicative of all US-listed Chinese companies.

We believe this legislation creates the appearance of a tough stance, but leaves ample room for a thoughtful resolution, without harming US-listed Chinese firms or US investors.

All US-listed Chinese companies must meet the listing requirements of US exchanges like NASDAQ, the New York Stock Exchange (NYSE), and the NYSE American Stock Exchange.

Bill S.945, passed by the Senate last week, states any US-listed Chinese company that does not allow the Public Company Accounting Oversight Board (PCAOB), to review their audited financials over three consecutive years could be delisted.

Keywords

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