Traders work the floor of the New York Stock Exchange during the IPO of Chinese cosmetics company Yatsen Holding Ltd on November 19. Photo: NYSE via AP Traders work the floor of the New York Stock Exchange during the IPO of Chinese cosmetics company Yatsen Holding Ltd on November 19. Photo: NYSE via AP
Traders work the floor of the New York Stock Exchange during the IPO of Chinese cosmetics company Yatsen Holding Ltd on November 19. Photo: NYSE via AP

US bill to delist Chinese companies from stock exchanges passes in House of Representatives

  • The Holding Foreign Companies Accountable Act would punish firms that do not comply with auditing oversight rules
  • The legislation now moves to US President Donald Trump’s desk for his signature, though he has not indicated whether he will sign it into law

Topic |   US-China relations
Traders work the floor of the New York Stock Exchange during the IPO of Chinese cosmetics company Yatsen Holding Ltd on November 19. Photo: NYSE via AP Traders work the floor of the New York Stock Exchange during the IPO of Chinese cosmetics company Yatsen Holding Ltd on November 19. Photo: NYSE via AP
Traders work the floor of the New York Stock Exchange during the IPO of Chinese cosmetics company Yatsen Holding Ltd on November 19. Photo: NYSE via AP

Corrected [7:44am, 3 Dec, 2020]

  • [7:44am, 3 Dec, 2020]

    An earlier version of this article incorrectly stated that the House legislation needs to be reconciled with the Senate's. The two versions are identical.

  • [4:09pm, 3 Dec, 2020]

    An earlier version of this article incorrectly stated that the bill could lead to Tencent being forced off US exchanges. Tencent shares are actually listed in Hong Kong.

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