Hong Kong's Exchange Square/Credit: Kapi Ng/Shutterstock.com 150 Delisted Chinese Companies. Are Lawyers in Hong Kong Licking Their Lips?
The SEC has said that an agreement between China and the U.S. over auditing rules will unlikely come in time to prevent the delisting of 150 Chinese companies—bad news for U.S.-China trade relations but a windfall for lawyers in Hong Kong.
July 15, 2022 at 03:00 PM
5 minute read
The chairman of the U.S. Securities and Exchange Commission, Gary Gensler, earlier this week told American reporters that he was doubtful that China and the U.S. will reach an audit agreement that would prevent 150 Chinese companies from being delisted by U.S. bourses by 2023.
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