Morrison Foerster partner and global chair of the Private Equity Group Marcia Ellis is quoted in an article, “Analysis: U.S., China audit agreement not yet a done deal, lawyers warn” published by Thomson Reuterson August 29, 2022.
In the article, Marcia suggested that Chinese headquartered companies with sensitive data that have not yet listed will favour listings in Hong Kong even if the Public Company Accounting Oversight Board (PCAOB) issue is resolved. She believed that China is likely to steer some companies away from U.S. listings in future, given the ongoing underlying conflict over providing access to sensitive data.