Baidu is one of several Chinese tech firms to offer a secondary listing in Hong Kong in recent years. New rules in the US could make it difficult for Chinese companies to remain listed in New York. Photo: Bloomberg Baidu is one of several Chinese tech firms to offer a secondary listing in Hong Kong in recent years. New rules in the US could make it difficult for Chinese companies to remain listed in New York. Photo: Bloomberg
Baidu is one of several Chinese tech firms to offer a secondary listing in Hong Kong in recent years. New rules in the US could make it difficult for Chinese companies to remain listed in New York. Photo: Bloomberg

Chinese tech giants face US SEC ultimatum: comply with American accounting practices or delist

  • The US Securities and Exchange Commission has implemented a Trump-era law requiring foreign US-listed companies to allow their accounting books to be reviewed
  • The US is not likely to remain the top destination for Chinese tech IPOs, as many firms have already sought secondary listings in Hong Kong

Topic |   US-China tech war
Baidu is one of several Chinese tech firms to offer a secondary listing in Hong Kong in recent years. New rules in the US could make it difficult for Chinese companies to remain listed in New York. Photo: Bloomberg Baidu is one of several Chinese tech firms to offer a secondary listing in Hong Kong in recent years. New rules in the US could make it difficult for Chinese companies to remain listed in New York. Photo: Bloomberg
Baidu is one of several Chinese tech firms to offer a secondary listing in Hong Kong in recent years. New rules in the US could make it difficult for Chinese companies to remain listed in New York. Photo: Bloomberg
READ FULL ARTICLE