The New York Stock Exchange is the world’s largest by market capitalisation, more than US$30 trillion. Photo: AP
The New York Stock Exchange is the world’s largest by market capitalisation, more than US$30 trillion. Photo: AP

As US Congress considers delisting Chinese companies, Wall Street looks to step in and police itself

  • A market-driven approach, not legislation, is considered a more effective way to keep fraudulent companies from hurting US investors
  • If bill becomes law, foreign companies will be required to hand over audits for US inspection or face delisting

The New York Stock Exchange is the world’s largest by market capitalisation, more than US$30 trillion. Photo: AP
The New York Stock Exchange is the world’s largest by market capitalisation, more than US$30 trillion. Photo: AP
READ FULL ARTICLE