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"Trump" signs laws that open Chinese companies from US stock markets

Sat Dec 19, 2020 10:11 am

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President Donald Trump signed the "The Holding Foreign Companies Accountable Act" on Friday, a new law that could remove Chinese firms' stocks from US stock markets. Failure to comply with สล็อตxo US Public Accounting Oversight Board (PCAOB) Auditing Standards within a 3-year period.
The law would also prohibit foreign companies from listing on the US stock market. Failure to comply with US PCAOB auditing measures within 3 years.


The law came out to apply to all foreign companies registered in the United States. But it is viewed as being specifically aimed at Chinese companies. This marks another attempt by the Trump administration to escalate tensions with China in the final weeks. Before Trump's farewell to the US presidency


Mrs. Hua Chunying, spokesman for the Chinese Foreign Ministry Revealed in a press conference on Dec. 3, the past that China Opposes Political Securities Regulation Movement This would severely undermine investor confidence around the world in the US capital markets. Damage to the international influence of the US market And it is detrimental to the interests of the United States.


The US-China Economic and Securities Review Commission reported this month that as of Oct. 2, 2020, there were 217 Chinese companies listed on the US stock market. With a market capitalization of $ 2.2 trillion
 
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Re: "Trump" signs laws that open Chinese companies from US stock markets

Thu Jan 07, 2021 8:08 am

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