Posted on 11/27/2020 9:59:51 PM PST by caww
U.S. regulators are moving forward with a plan to crack down on Chinese companies traded in U.S. exchanges, overturning an agreement signed with Beijing in 2013 under the Obama administration.
There were 217 Chinese companies listed on U.S. exchanges, with a total market valuation of $2.2 trillion, as of Oct. 2.....These Chinese companies have taken advantage of U.S. capital markets without complying with the same strict audit standards as their U.S. counterparts. Regulators in Beijing have 'refused' to allow audit inspections of U.S.-listed Chinese companies on the grounds of national security and state secrecy.
The plan will require Chinese companies listed in U.S. exchanges to use auditors overseen by U.S. regulators.
The Securities and Exchange Commission (SEC) is expected to issue a proposal in December to address risks associated with investing in Chinese stocks, according to a Wall Street Journal article published on Nov. 17.
(Excerpt) Read more at theepochtimes.com ...
And they say President Trump is hiding.....BBBAAAAWWWAAHHHHHH. ..Things are popping!!!!
Good. List here, use the same rules as everyone else listing here. Anything else is fraud.
Yep..Trumps certainly on the move! Go Trump!
Our man remains steadfast and fully in control of the boat!
Yeah. About four years too late...
And, speaking of violations of equal protection:
The government giving PREFERENCE to your foreign competitors by exempting them from laws you have to follow...is NOT what makes for a free market.
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