The Nasdaq MarketSite stands in New York City’s Times Square neighborhood on July 8, 2020. Chinese-listed companies risk being kicked off the Nasdaq and New York Stock Exchange if they do not allow US regulators to see company audits for three years in a row, something they cannot currently do under Chinese law. Photo: Bloomberg
Chinese official blames US politics for lack of auditing agreement for US-listed companies
- A Chinese securities regulator blamed a shift in Washington’s political atmosphere for derailing progress made towards agreeable auditing standards
- US-listed Chinese companies face being ejected from the NYSE or Nasdaq if they don’t comply, which is not currently allowed in China
The Nasdaq MarketSite stands in New York City’s Times Square neighborhood on July 8, 2020. Chinese-listed companies risk being kicked off the Nasdaq and New York Stock Exchange if they do not allow US regulators to see company audits for three years in a row, something they cannot currently do under Chinese law. Photo: Bloomberg
