China has made a compromise in an effort to resolve a conflict between China's national state secrecy laws and a U.S. law requiring foreign listed companies to comply with U.S. auditing standards. But will that be enough to save its companies from being expelled from U.S. bourses?
May 19, 2022 at 07:44 PM
6 minute read
Asia Editor
Almost 100 Chinese companies now face the threat of being delisted from American stock exchanges by the U.S. Securities and Exchange Commission (SEC).
Earlier this month, the SEC added over 80 Chinese companies to a record of U.S.-listed firms that are facing potential expulsions amid a long-running auditing standoff between the U.S. and China.
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