U.S.-listed Chinese stocks jump after China reportedly considers sharing company audits

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

United States News News

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

Beijing regulators are working to give U.S. authorities complete access to audits of Chinese companies listed publicly in New York, Bloomberg reported Friday.

The access could come as soon as the middle of this year, Bloomberg reported.

Chinese regulators are creating a "framework" that would let most companies stay listed in the U.S., according to Bloomberg. However, certain firms with "sensitive data" could be delisted, the report said. The move comes after the U.S. Securities and Exchange Commission added Chinese search engine company Baidu to its list of U.S.-traded China stocks that could be delisted if American regulators are not allowed to review three years worth of financial audits.

 

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

I will never invest in any Chinese stocks again

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:

 /  🏆 12. in US

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