(Hong Kong Reuters) According to three people familiar with the matter, the US regulatory agencies have selected Chinese companies listed in the United States, such as Alibaba, and other Chinese companies in the United States.
According to reports, after China and the United States reached a milestone audit supervision and cooperation agreement on Friday (August 26), the U.S. regulators were allowed to review accounting firms in mainland China and Hong Kong.Disputes.The dispute may force more than 200 Chinese companies to delist from the US Stock Exchange.
According to people familiar with the matter, Alibaba has received notice that it is one of the first Chinese companies that have received the audit supervision of the US listed company's accounting supervision committee (PCAOB) in Hong Kong.
People familiar with the matter also said that Pwa, who is responsible for reviewing Alibaba, has received a notice from auditing supervision.
Reuters mentioned the exposure of the above news, Alibaba's stock price listed in the United States fell nearly 3%, rising by about 1%during the trading before the market.
Alibaba was listed in New York in 2014, setting a record for the first public stock fundraising for the first time at that time. It is also the highest market value among all Chinese companies listed in the United States. As of Monday (29th), the market value was 256 billion US dollars(S $ 357.8 billion).
The US Securities and Exchange Commission included Alibaba in July and because the audit requirements were not complied with, and the list of Chinese companies that was delisted.
The current US regulations show that Chinese companies that do not comply with audit supervision requirements will stop trading in the United States in early 2024.
For more than ten years, the US regulatory agency has been required to check that the audit documents of Chinese companies listed in the United States, but Beijing has been unwilling to let the United States supervise Chinese companies on the grounds of national security risks.
