July 17, 2015
MarcumBP’s Drew Bernstein Interviewed on TheStreet, “Shanghai Stock Volatility will Slow Chinese Listing Trend.”
As Seen In
The turbulence in the Shanghai stock market is causing Chinese companies listed on U.S. exchanges to think twice before moving their tickers back to mainland China, said Drew Bernstein, co-managing director of tax and advisory firm Marcum Bernstein & Pinchuk. ‘There’s about 20 companies right now that have announced plans to delist from the United States and relist in China,’ said Bernstein. ‘Those companies are really going to have to take a look at the market right now because they are embarking on a process that could take two to three years to complete.’ The Chinese A-share market was up nearly 50% in early June before it plummeted, forcing the Chinese government to step in and stabilize the market through restrictions on short-selling and sales of certain stocks.