Drew Bernstein, Co-Chair, MBP, quoted in South China Morning Post regarding the new barriers to public companies implemented by the Chinese government.
South China Morning Post
By Lam Ka-sing and Chad Bray
“There is still a lot left to learn in terms of what the Chinese government plans to implement,” said Drew Bernstein, co-chairman of MBP, a New York accounting firm that provides auditing services to US-listed Chinese companies.”
“For investors who see the potential in tech-led companies, there is an opportunity to buy the shares at a lower price due to the higher risk premium inherent to uncertainty and new regulations.
As China and the US economies continue to be intertwined, we anticipate there will still be a significant opportunity for Asian companies in the US markets even as reforms evolve.”