Chinese firms could get booted off US stock exchanges if Trump plan is approved
It has been reported that by the end of 2020, the SEC intends to propose a regulation that will lead to the delisting of firms for not complying with US auditing rules
17 November 2020 - 17:36
The US Securities and Exchange Commission (SEC) is pushing ahead with a plan that threatens to kick Chinese companies off US stock exchanges, setting up a late clash between Washington and Beijing as the Trump administration winds down.
By the end of 2020, the SEC intends to propose a regulation that would lead to the delisting of companies for not complying with US auditing rules, according to people familiar with the matter...
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