The recent push for all companies to be socially conscious is a 'wave' threatening to crash into U.S. markets, Robert McCooey also said.
would be "very blessed" if 50 Chinese firms listed in the U.S. every year, even though such 2019 offerings are now seen below expectations, Robert McCooey, the senior vice president of its Listing Services unit, told CNBC Wednesday.
"If there were 35 to 50 Chinese companies that came to the U.S. every year from here to infinity, I think we would be very blessed," he told CNBC's Amanda Drury.this year, McCooey said earlier this week, adding that a commitment to a "phase one" trade deal between the U.S. and China could remove some of that doubt in the near future.
More than 150 Chinese companies were traded on the three largest U.S. exchanges as of February, according to the most recent data released by the Commission. Their total market value at the time was about $1.2 trillion, according to the Commission.The recent push for all companies to be socially conscious and environmentally sustainable is a "wave" threatening to crash into U.S. markets, McCooey also said during Wednesday's wide-ranging Q&A at East Tech West.
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