HONG KONG – The list of Chinese companies facing delisting risks in New York in a long-running dispute over Chinese audits of their accounts continues to expand with the addition of three more on Friday, August 5, after e-commerce giantAs talks between Beijing and Washington in search of a resolution drag on, US regulators and politicians have been ratcheting up calls for a resolution, hammering out a message to China that time is running out for both sides to strike a deal.
The spat came to a head in December when the US Securities and Exchange Commission finalized rules that enable the prohibition of trading in Chinese companies’ shares. Last week, the chair of the US corporate auditing watchdog said it would not accept any restrictions on its access to the audit papers for New York-listed Chinese companies.In March, China’s Vice Premier Liu He said talks between Chinese and US regulators had made progress, and both sides were working on specific cooperation plans. A vice chairman of China’s securities watchdog in April said he expected a deal “soon.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.