The SEC should block IPOs for Chinese companies
Didn’t last month’s Luckin Coffee scandal show us why no new listings from #China should be allowed until US regulators can inspect the books of all firms who wish to be traded on our exchanges?
A few years ago, China's Luckin Coffee emerged out of nowhere as a "Starbucks killer." Now, Nasdaq is pulling the plug on the company's U.S. stock listing after it admitted to fabricating more than $300 million in sales last year. @jingyanghk