The decision by five Chinese state-owned companies to leave the US market adds to skepticism that authorities in both countries can reach an agreement on disclosure rules, with analysts seeing state-controlled airlines as the next potential group to depart, potentially followed by internet giants.
China and Hong Kong are the only jurisdictions worldwide that don’t allow inspections by the US Public Company Accounting Oversight Board, with Beijing officials citing national security and confidentiality concerns. With a deadline for delistings set for 2024 for those firms that aren’t compliant, US lawmakers are considering passing a bill to bring it forward to next year.
Chinese Airlines Seen as Likely Next Stocks to Delist from US Market & Latest News Update
Chinese Airlines Seen as Likely Next Stocks to Delist from US Market & More Live News
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Chinese Airlines Seen as Likely Next Stocks to Delist from US Market & More News Today
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