Donald Trump signs law that could delist Chinese companies from US stock exchanges

//Donald Trump signs law that could delist Chinese companies from US stock exchanges

Donald Trump signs law that could delist Chinese companies from US stock exchanges

US President Donald Trump signed into law on Friday the Holding Foreign Companies Accountable Act, which will remove Chinese companies from American stock exchanges if they fail to comply with US auditing oversight rules within three years.The law, which applies to all foreign companies listed on US exchanges but is widely regarded as being directed at Chinese firms, is the latest move from Washington targeting some of the biggest players in China’s economy.As relations between the two…

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By | 2020-12-18T22:23:40+00:00 December 18th, 2020|Business|Comments Off on Donald Trump signs law that could delist Chinese companies from US stock exchanges