US To Pressure US-listed Chinese Companies
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2020-08-11 HKT 07:01
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US Treasury Secretary Steven Mnuchin on Monday said companies from China and other countries that do not comply with accounting standards will be delisted from US stock exchanges as of the end of 2021.
Mnuchin and other officials recommended the move to the US Securities and Exchange Commission last week to ensure that Chinese firms are held to the same standards as US companies.
"As of the end of next year ... they all have to comply with the same exact accounting, where they will be listed on the exchanges," Mnuchin said during a White House briefing. (Reuters)
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