Short seller Carson Block gained notoriety for exposing the fraudulent accounting practices of U.S.-listed Chinese companies. But the founder of Muddy Waters Capital now believes the days of Chinese companies tapping American capital markets are over.
In an interview with Yahoo Finance Live, Block attributed the recent regulatory crackdown on China’s largest firms to an acceptance by Beijing’s leadership that the delisting of its U.S.-listed firms is “inevitable.”
“I think Xi Jinping is…
Source link
