Trump signs bill that could kick Chinese firms off US stock exchanges - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Trump signs bill that could kick Chinese companies off US stock exchanges unless they agree to American accounting standards

US President Donald Trump and China's President Xi Jinping attend a bilateral meeting on the sidelines of the G20 Summit in Osaka on June 29, 2019.Trump on Friday signed a bill that would ban Chinese companies from being listed on US stock exchanges unless they adhere to American accounting standards.

The Holding Foreign Companies Accountable Act" bars securities of foreign companies from being listed on any U.S. exchange if they have failed to comply with the US Public Accounting Oversight Board's audits for three years in a row. The legislation, like many others taking a harder line on Chinese businesses, had passed Congress by large margins earlier this year. Lawmakers — both Democrats and Trump's fellow Republicans — echo the president's hard line against Beijing, which became fiercer this year as Trump blamed China for the coronavirus ravaging the United States.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Trade war leveling 🆙

WARNING! KEEP UR KIDS AWAY FROM TANYA JONES A CORRUPT FAMLY KILLING LAWYER NOW ORPHAN ME,MY SON ON XMAS,WONT LET HIM HAVE GIFTS DISCRIMINATES MY SPECIAL NEEDS HOW DARE ANY1 ALLOW THIS ITS CHILD ABUSE 2 CORE! & DURING A PANDEMIC!? WAT IF WAS URS? SHES LIKE TRUMP! HELP😭

Fair enough. Keep a level playing field

coward

Bravo 👏🏼4️⃣5️⃣❤️

That...makes sense.

Hell is real and sin takes people there. choose repentance which is totally turning away from sin. watch this

If they're traded on the NYSE where companies in the U.S. are already subject to the SOX Act of 2002, why not? Afterall, we wouldn't want them cooking the books and costing investors money like Enron did.

How about the companies that do business with the US military? So two face.

United States United States Latest News, United States United States Headlines