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

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WASHINGTON, June 5 — US Secretary of State Mike Pompeo yesterday warned American investors against fraudulent accounting practices at China-based companies and said the Nasdaq’s recent decision to tighten listing rules for such players should be “a model” for all other exchanges around the...

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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