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July 06 2021, 4:00 AM July 06 2021, 10:55 AM. (Bloomberg Opinion) -- Many children love “The Tiger Who Came to Tea,” the story of an uninvited carnivore who decides to spend an afternoon with a little girl named Sophie and her mother. Though ostensibly polite, the animal consumed everything: all the tea, all the food, all the water from the taps.
By comparison, Chinese companies listed in the U.S. are not required to disclose share pledges by executives. The U.S. exchanges and investors have no clue what kind of business news is circulating in China about companies coming to market in America.