Chinese tech giants face US SEC ultimatum: comply with American accounting practices or delist

//Chinese tech giants face US SEC ultimatum: comply with American accounting practices or delist

Chinese tech giants face US SEC ultimatum: comply with American accounting practices or delist

New York-listed Chinese tech firms could soon face a tough decision to leave the US after the country’s Securities and Exchange Commission started implementing a Trump-era law, dashing hopes that tensions between the Washington and Beijing might thaw under the new Biden administration.The SEC said on Wednesday that it is taking steps to enforce a law requiring accounting firms to let US regulators review the audits of overseas companies. Those that do not allow their books to be inspected for…

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By | 2021-03-25T16:00:26+00:00 March 25th, 2021|Technology|Comments Off on Chinese tech giants face US SEC ultimatum: comply with American accounting practices or delist