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Over 80 firms including China's JD.com added to US SEC list facing delisting risk - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The United States Securities and Exchange Commission added over 80 firms to a list of entities facing possible expulsion from American exchanges… $US SEC

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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