Chinese firms face delisting threat after US Senate bill
Chinese IPOs in the US came under renewed pressure this week after the US Senate passed legislation that could ban mainland companies from its stock exchanges and the Nasdaq said it intends to tighten the screws on regulations around listings. Jonathan Breen reports.
The US Senate unanimously passed the Holding Foreign Companies Accountable Act on Wednesday. The bill addresses investor protection and is focused on the lack of accounting transparency by foreign companies.The legislation does not name specific countries but its sponsors, senators John Kennedy and Chris Van Hollen, have ...
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