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https://gnews.org/post/p18ex703e
On August 12th, Miles Guo gave a detailed explanation of the operating mechanism behind the recent initiative of Chinese stocks to announce their delisting from U.S. to the damage to American interests. Miles explained that the American depositary receipt (ADR) in the U.S. was originally a system to help some companies speed up their listings and financing by having U.S. investment banks or bank agents act as guarantors to help the companies, mostly operated by big investment banks such as Goldman Sachs Group, Inc. and JP Morgan
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