Republican Senator Marco Rubio urges Trump administration to seek tougher rules for Chinese companies

, when China’s Luckin Coffee, which trades on the Nasdaq, said employees fabricated millions of dollars in sales.

Pressure is also mounting from Congress, with the Republican-led Senate passing a bill that if signed into law would bar any foreign company from listing its shares on any U.S. securities exchange if it has failed to comply with the PCAOB’s audits for three consecutive years. Rubio has said he is preparing a bill to ban Chinese companies from U.S. capital markets if they engage in spying, human rights abuse or support China’s military.

In the letter, Rubio also urged the officials to recommend bolstering legal options for U.S. investors defrauded by Chinese companies. Our Morning Update and Evening Update newsletters are written by Globe editors, giving you a concise summary of the day’s most important headlines.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. sanctions Chinese companies over Muslim abuse complaintsThe U.S. government has imposed trade sanctions on 11 companies it says are implicated in human rights abuses in China's Muslim northwestern region of Xinjiang. That’ll show em. Just fyi CTV, you're papering over a Holocaust. Fix it. Yes because america treats Muslims around the world so nicely right.
Source: CTVNews - 🏆 1. / 99 Read more »

U.S. sanctions Chinese companies over Muslim abuse complaintsThe U.S. government has imposed trade sanctions on 11 companies it says are implicated in human rights abuses in China's Muslim northwestern region of Xinjiang. Justin hides globalsugarwar And what has justin done? This is why you get called fake news.....the U.S. sanctions are for crimes against humanity
Source: CTVNews - 🏆 1. / 99 Read more »