the csrc said over the weekend that the u.s.iticians have politicized the stock market regulations and that is what could lead to more chinese companies delisting. >> this is fascinating china was the biggest opportunity for u.s. investors and now they'll have fewer opportunities if more companies delist another story investigators seem to be dumping evergrande shares in hong kong amid the new fears that the property giant could default again. what's happening there >> reporter: absolutely. evergrande shares closed down by 20%. as you said, investors are really, really nervous right now about the fate of the property giant. the property giant had, over the weekend, invited local officials to come take a look at their books, try to see what could happen if in case there might be some sort of restructuring. the local officials had also met with the chairman and that has been raising expectations that we could see some sort of managered restructuring led by the government the central bank said this is an isolated situation other to

also the csrc, the securities regulator also out with a statement.ment is concerned by this when so many different regulatory bodies and agencies of the chinese government are commenting after the weekend. the csrc saying the spillover effect on the capital markets is manageable is what the securities regulator said here we go. could there be missed coupon payments today? very likely. they have not had a default yet. and the founder has been selling assets has not been able to meet obligations. but now we are entering this debt restructuring process, we will have to see how it goes. the sunshine 100, mark was talking about smaller developers. $179 million missed payment yesterday. again, this is another missed payment by this valve are defaulting. yvonne: there are a lot of questions about whether they can -- whether beijing can manage this restructuring without upending the sector. stephen: they are hoping so and that is why the csrc came out with that statement. and other comments as well. you are starting to see as well some liquidity trying to ge

the csrc has pointed to something throughout those time, which is this u.s.ght board and in december 2020 -- these two acts really spooked chinese regulators because they made it feel like all companies going public from china in the u.s. would have to provide three years of audits for that would be what -- but that would go beyond traditional financial statements. commercial partners, client information and so the fear is that would make vulnerable chinese data. i think we can find a way forward that companies can continue to be listed on the united states exchanges. haidi: when you take a look at how relatively cheap the likes of alibaba is at the moment, where do you find opportunities in the decoupling regardless of whether you think china or u.s. started it? >> we got to wait for a little bit stability before jumping back into the markets. i think all of these companies are significantly undervalued without any true fundamental justification behind these valuations. the reports that came out on friday and various rumors that all companies would be delist

do we expect to see some calm to be restored after this latest statement from the csrc? is definitely the bigger question from investors today after we saw that roller coaster ride with china trying to come in and downplay those reports. in making the point that you have some domestic chinese companies still actively working with chinese and foreign regulators that have shares listed in the u.s. there is still so much uncertainty around what's going on in china. as perilous for investors to try either way. xi jinping's campaign to remake the tech sector, and the broader term for chinese economy. there is still so many uncertainties about that. you also have a few details about how they plan to go about this. i think it's really, really difficult to say that, whether we will see some calm, because it's the major question. we have seen xi jinping's campaign and it's taking investors by surprise from one day to the next and we saw at happened earlier on. so a lot of unknowns at this stage. kathleen: some of the unknowns, immediately, our technical ones. how do you delist th

what we need is catalysts and we think the csrc addressed many of the issues weighing on the names overhey're not trying to kill these companies they're not eliminating vies or disallow foreign listings and trying to solve the long-running pcob issue that led to the holding foreign companies accountability act. >> we're seeing the clamp down in both countries. the sec is taking a tougher stance as well we can point to this didi delisting. is it going to continue to fuel, i guess, the disentanglement of u.s. and china investor flows as this continues to evolve >> the two countries are highly intertwined from an economic perspective. china's trade data continues to show that it's not only a large exporter, but a large importer we saw the boeing news about the 737 max being approved in china. apple's revenues doubled in china in q3 from $7 billion to $14 billion. the countries are very intertwined economically that can't go away almost $400 billion of revenue is generated in china from u.s. publicly traded companies. so this is a big issue ultimately the two sides have to get together and