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SEC's New Proposal Will Delist Chinese Companies That Do Not Comply With US Auditing Rules
Summary: According to the South China Morning Post, the United States Securities and Exchange Commission (SEC) is advancing a plan that will require Chinese companies listed in the United States to use auditors regulated by the US, otherwise, they will face the risk of delisting. The new regulations will force the US-listed Chinese companies to obey ...
According to the South China Morning Post, the United States Securities and Exchange Commission (SEC) is advancing a plan that will require Chinese companies listed in the United States to use auditors regulated by the US, otherwise, they will face the risk of delisting. The new regulations will force the US-listed Chinese companies to obey the audit regulations as same as other listed companies.
The Wall Street Journal reported that the proposal may be open for public comment in December.
By Mary Liu
Tags: Nasdaq,New York Stock Exchange,SEC
Link: SEC's New Proposal Will Delist Chinese Companies That Do Not Comply With US Auditing Rules [Copy]
