Pompeo applauds tighter Nasdaq listing rules to guard against shady Chinese companies | Malay Mail

Friday, 05 Jun 2020 09:04 AM MYT

President Donald Trump issued a memorandum yesterday calling for recommendations to be issued within 60 days to protect US investors from what he said was China’s failure to allow audits of US-listed Chinese companies. “I applaud Nasdaq for requiring auditing firms to ensure all listed companies comply with international reporting and inspection standards,” Pompeo added.

Trump said last week his administration would begin the process of eliminating special US treatment for Hong Kong to punish China, saying Beijing’s move to impose new national security legislation meant the territory no longer warranted US economic privileges.

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