Trump admin seeks to force Chinese companies listed in U.S. to comply with accounting rules or delist

WASHINGTON — Chinese companies with shares traded on U.S. stock exchanges would be forced to give up their listings unless they comply with American accounting requirements under a plan recommended Thursday by the Trump administration.

The proposal addresses a long-simmering dispute over U.S. regulators’ inability to inspect the accounting quality of Chinese companies that sell shares here.

Under the plan, Chinese firms that are already listed on the New York Stock Exchange and Nasdaq Stock Market would have to comply by 2022 — or give up their listings on those exchanges.

Full story: https://www.marketwatch.com/story/trump-administration-seeks-to-force-chinese-companies-listed-in-us-to-comply-with-accounting-rules-or-delist-2020-08-06

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