Article

2021-03-26 China-Japan-Koreas

Chinese tech stocks slump as U.S. SEC begins rollout of law aimed at delisting

[FinanceYahoo] Shares in dual-listed Chinese companies fell sharply on Thursday in Asia after the U.S. securities regulator adopted measures that would kick foreign companies off American stock exchanges if they do not comply with U.S. auditing standards.

The move by the Securities and Exchange Commission (SEC) adds to the unprecedented regulatory crackdown in China on domestic technology companies, citing concerns that they have built market power that stifles competition.

The Holding Foreign Companies Accountable Act, signed into law by then-President Donald Trump

...New York real estate developer, described by Dems as illiterate, racist, misogynistic, and whatever other unpleasant descriptions they can think of, elected by the rest of us as 45th President of the United States...
in December, is aimed at removing Chinese companies from U.S. exchanges if they fail to comply with American auditing standards for three years in a row.

Posted by trailing wife 2021-03-26 00:00|| || Front Page|| [11129 views ] Top
File under: Commies

#1 What about their plastics companies?

Posted by g(r)omgoru 2021-03-26 05:45|| 2021-03-26 05:45|| Front Page Top

#2
" if they fail to comply with American auditing standards for three years in a row."

So 2 out of 3 they can lie their A$$'es off?
As long as they get 1 in 3 right?

Posted by NN2N1 2021-03-26 07:02|| 2021-03-26 07:02|| Front Page Top

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