Recently, at the 14th Lujiazui Forum, Fang Xinghai, Vice Chairman of the China Securities Regulatory Commission (CSRC), responded to the "decoupling theory" by stating: "We believe that as long as we take the initiative to strengthen linkages, run our own affairs well, ensure that investments in China yield solid returns, and enhance exchanges, we will definitely foil such decoupling attempts." Fang Xinghai further pointed out that the risk of delisting for Chinese companies listed in the United States has been greatly reduced. The channels for enterprises to go public overseas are unobstructed, and regulatory authorities encourage and support such practices. Regarding the "decoupling theory", Fang Xinghai responded from three aspects: First, take the initiative to strengthen linkages. Fang Xinghai said, for example, with the implementation of the Sino-US audit supervision cooperation, the risk of delisting for Chinese companies listed in the United States has been greatly reduced. At the same time, we also encourage enterprises to issue Global Depository Receipts (GDRs) in Europe and get listed in Hong Kong. "A filing system for overseas listings has been implemented. Last week, the first two companies completed the filing procedures for their Hong Kong listings. The channels for China's private equity (PE) and venture capital (VC) institutions to exit via Hong Kong in the future are unobstructed, and we encourage such activities." Second, run our own affairs well. Fang Xinghai said that if China's capital market has a large scale and provides good returns, capital will ultimately pursue returns. If China can offer such returns, even if some politicians want to decouple, the business community will be unwilling to go along with it. "Don't forget that in a political system like that of the United States, the business community has a profound impact on government decision-making. Some of these impacts are not visible to the public, and some business representatives do not speak out publicly at present, but their underlying influence is always there." Fang Xinghai noted. Third, strengthen international exchanges. Fang Xinghai pointed out that we should invite international investors to come to China, and Chinese investors and government department managers should also go out more to take the initiative to communicate and clarify the developments taking place in China. China and the United States are pivotal in the global economy, with deep coupling in science and technology, trade and capital markets. Decoupling is not the desired outcome of either side, let alone the entire world. The implementation of the 2022 Sino-US audit supervision cooperation agreement not only allowed already listed Chinese concept stocks to avoid the risk of delisting, but also sent a positive signal for more Chinese enterprises to list in the United States. At the same time, it also expanded financial liquidity channels for the United States, and enabled more American investors to benefit from the growth of Chinese enterprises. China and the United States will both reap benefits from this. © 2021 Meishun (Hong Kong) Management Consulting Co., Ltd. and Meishun (Hangzhou) Management Consulting Co., Ltd. All rights reserved. Meishun Meiyin (Hangzhou) Consulting Management Co., Ltd. is a domestic subsidiary of Hong Kong Meishun Management Consulting Co., Ltd. under the same actual controller. Both companies share the same ultimate controlling shareholder, operate under the unified management of one China, and comply with the laws of Hong Kong and mainland China.