Global Analysis from the European Perspective. Preparing for the world of tomorrow

US Senate passes bill to delist Chinese companies from exchanges

The US Senate passed legislation on Wednesday that could disqualify many Chinese companies from listing shares on US stock exchanges without adhering to the security laws and auditing regulations. The legislation, which was supported by lawmakers of both parties and was passed without objection, requires companies seeking access to US stock markets to establish that “they are not owned or controlled by a foreign government” Source South Chinese Morning Post

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