China delisting bill passed in Congress, heads to Trump’s desk
Chinese companies targeted include Alibaba, tech firm Pinduoduo and oil giant PetroChina, which must also disclose whether they are owned or controlled by government
03 December 2020 - 16:46
Washington — The US House of Representatives have passed a law to kick Chinese companies off US stock exchanges if they do not fully comply with the country's auditing rules, giving President Donald Trump one more tool to threaten Beijing with before leaving office.
The measure passed the House by unanimous voice vote, after passing the Senate unanimously in May, sending it to Trump, who the White House said is expected to sign it into law...
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