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《大行報告》美銀證券:相信中概股退市風險已移除
阿思達克 12-16 10:51
美銀證券發表研究報告指,美國公眾公司會計監督委員會(PCAOB)就困擾上市公司兩年多的美國預托證券(ADR)審計問題發表聲明,該行認為,目前整體基調非常積極。PCAOB撤銷了其於2021年12月對內地和香港做出的兩項裁定,表明內地和香港現在符合PCAOB的守則。該行相信,ADR的退市風險已經移除。 該行預期,PCAOB將在明年繼續調查。而其員工將再次來港,並有可能進入內地。該行預計,中國將會批准其現場工作,因為政府正準備修改法律以允許外國檢查員進入當地。 不過,可變利益實體(VIE)問題懸而未決,美國證交會(SEC)提出對VIE結構的憂慮,去年為中概股廣泛採用。現時對VIE公司的要求集中於披露,包括VIE投資者面對的潛在風險。該行疑慮單靠披露在未來是否足以應對來自SEC以及其他監管機構、國會議員的要求。該行稱,倘需要解散VIE將會是遠為複雜的問題,現時對此未有時間表,但不應被忽略。
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