FILE PHOTO: A man stands outside JD.com’s headquarters, amid the Singles' Day shopping festival, during an organised tour in Beijing, China, November 9, 2021. REUTERS/Tingshu WangFILE PHOTO: A man stands outside JD.com’s headquarters, amid the Singles' Day shopping festival, during an organised tour in Beijing, China, November 9, 2021. REUTERS/Tingshu Wang
On Wednesday, the SEC expanded the list on a provisional lineup under a 2020 law known as The Holding Foreign Companies Accountable Act , which aims to remove foreign-jurisdiction companies from U.S. bourses if they fail to comply with American auditing standards for three years in a row. The request has so far been denied by China on national security grounds, but regulators in the two countries are discussing operational details of an audit deal that Beijing hopes to sign this year.
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