Starting from 2008, short sellers have been actively shorting U.S.-listed Chinese companies. Amid the U.S.-China trade tensions over the past two years, we have seen an uptick in the U.S. securities enforcement activities and class action litigations against Chinese companies. In 2020, U.S. securities regulators leveraged legal tools to apply enhanced listing and disclosure standards to Chinese issuers and to prioritize China-focused enforcement initiatives.

In the webinar on December 10, partner Brian Burke (New York and Shanghai-Litigation), senior associate Jieni Ji (Shanghai-Litigation), and KPMG partners Len Jui and Paul Pu shared their insights on how to successfully navigate the cross-border legal and accounting maze in response to the U.S. securities enforcement actions and class action litigations. Additionally, the panelists also predicted the securities regulators’ priorities under the new Biden administration.

Agenda:

• How do U.S. securities enforcement agencies function? Will U.S. enforcement priorities shift in 2021?
• Will U.S.-listed Chinese companies become easy targets in short sellers’ eyes in 2021?  What should Chinese issuers do when facing short sellers’ allegations?
• What are the common fraud schemes that Chinese issuers have been accused of?
• What are the challenges arising from the different perspectives of China and U.S. law enforcement agencies?
• What are some practical tips for Chinese issuers during the securities investigations and class action litigations?