China is reportedly preparing a plan in an effort to keep Chinese companies from being delisted from U.S. financial markets.
The strategy is to sort companies into groups based on the sensitivity of the data they hold, according to the Financial Times. It's an attempt to bring the businesses in compliance with U.S. rules that require public companies to allow regulators to inspect their audit files.The three categories would be divided according to non-sensitive data, those with sensitive data and others with "secretive" data, which would have to delist.
Who was the primary driver for exempting Chinese companies from US exchange listing rules? -- Sen Joe Biden.
What will they do without Hinman and Clayton at the SEC, who’s palm with they need to grease now?
Why wait untill 2024 to delist them?