/biz/ - Business & Finance

Pricewaterhousecoopers (PWC) is the auditor of LI Auto
https://ir.lixiang.com/investor-faqs
If you had to choose an auditor to trust in China, trust PWC
https://en.wikipedia.org/wiki/PricewaterhouseCoopers
https://seekingalpha.com/article/468691-pwc-zhong-tian-a-chinese-auditor-with-a-flawless-record
>When buying or shorting a Chinese stock, it's important to look at the Chinese auditor and how reliable it has been in the past. The auditor that I've found to have an unblemished record is PriceWaterhouseCoopers Zhong Tian. It has so far never signed off on a financial report that contained fraudulent numbers.
This makes LI Auto very likely to pass the tests of the S. 945 Holding Foreign Companies Accountable Act
[sidenote: BABA, XPEV, NIO are also all audited by PWC]
Obviously it all depends if China is willing to come to the table and allow their audits to be audited.. but imo this legislation will not affect these stocks / these stocks are in good shape to come out unscathed
I would take advantage of the political risk dip and go long