'Significant issues remain' in reaching deal over US-listed Chinese company audits -SEC official

📆 5/25/2022 12:39 AM
📰 ChannelNewsAsia

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WASHINGTON :'Significant issues remain' in reaching a deal with China over a long-running dispute around auditing compliance of China-based companies listed on U.S. stock exchanges, a U.S. Securities and Exchange Commission (SEC) official said on Tuesday. The SEC's international affairs chief, YJ Fischer, to

WASHINGTON :"Significant issues remain" in reaching a deal with China over a long-running dispute around auditing compliance of China-based companies listed on U.S. stock exchanges, a U.S. Securities and Exchange Commission official said on Tuesday.

Fischer added that Chinese authorities should consider delisting from U.S. exchanges a"subset of issuers" that it deems"too sensitive to comply" with U.S. rules. In December, the SEC mandated that Chinese companies listed on U.S. stock exchanges must disclose whether they are owned or controlled by a government entity, and provide evidence of their auditing inspections.

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