Chinese regulators try to avoid delisting Chinese companies in the US

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Chinese regulators try to avoid delisting Chinese companies in the US

Mensajepor kafa88 » 26 Nov 2021, 11:48

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Chinese authorities are working with US counterparties. to prevent Chinese companies from being delisted from the US stock market. Chinese regulators said on Thursday. Due to the long-standing dispute over audit standards

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US authorities continue to fire foreign companies from american stock market If the audit does not meet US standards

Public Company Accounting Oversight Board (PCAOB) and US policy makers. It has long complained that there is no audit documentation for Chinese companies registered in the US. from concerns about national security Chinese authorities are reluctant to allow overseas regulators to review work documents from local accounting firms.

“We don't think the delisting of Chinese companies from the US market. It's good for those companies. for investors around the world or the relationship between China and the United States,” said Shen Bing, director-general of the Department of International Affairs of the China Securities Regulatory Commission. told the meeting in hong kong

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