The US Congress Friday (December 23)The time limit of the stock market in the United States will be shortened from three years to two years, in order to increase pressure on Chinese stocks, forcing its financial audit to be more transparent.
According to Bloomberg, this item included in the regulations in the comprehensive appropriation bill of 1.7 trillion US dollars (approximately S $ 2.3 trillion), if the US regulatory agency cannot fully check the audit draft, these companies will be expelled from out of the company.The time limit for the New York Stock Exchange and Nasdaq will accelerate, and about 200 Hong Kong and mainland China companies listed on the US exchanges may be affected.
Republican member John Kennedy, a Republican member who promoted this regulation, said in a statement that he has always been committed to fighting so that the US government can ask foreign companies using US capital moreResponsible, the regulatory agency has finally had the power to "remind China that you have to choose whether to follow the rules."
The White House said that the US President Biden soon signed the bill into a law.
The US Legislative Regulations in 2020, if inspectors of the U.S. Listed Companies (PCAOB) inspectors cannot review the audit draft in the US listed company in accordance with the requirements of Sabos Oaks Lifa in 2002. These companies will beThree years later, he was delisted.
However, Beijing has always been on the grounds that the national security and leaks are not allowed to inspect the audit draft of Chinese enterprises in the United States.It was not until last week that PCAOB confirmed that it was first eased that the tension was relieved after obtaining full inspection permissions for the first audit draft in mainland China and the Hong Kong company.
