Trump forces Chinese companies to leave the US stock exchanges

Trump forces Chinese companies to leave the US stock exchanges

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2020-08-10 14:20:54

Chinese businesses that exchange shares on us exchanges could be forced to delist in the event that they do now not comply with the new audit necessities.

This follows from the plan encouraged by the management of the United States President, reviews Liga.Net with reference to The Wall Street Journal.

 

The proposed measures need to resolve the hassle of the lack of ability of US regulators to assess the level of audit of Chinese issuers of US exchanges.

The Senate in may authorized an invoice that would oblige Chinese agencies that don't comply to delist shares inside the States for three years and discover a new change.

 

Chinese organizations whose shares are already traded on the New York stock alternate and Nasdaq will ought to meet new audit necessities with the aid of 2022.

Otherwise, they should go away those sites.

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