Lawmakers next week are likely to force Chinese companies with shares traded on American exchanges to finally comply with audit-oversight rules — or leave U.S. markets altogether, reports Morningstar.
Vote underwayHouse leaders plan to consider a measure on Wednesday that would force Chinese firms such as Alibaba Group Holding Ltd. either to make the transition to getting an annual audit that is reviewed by U.S. regulators or remove the shares from trading in the U.S.
The House plans to vote...
https://mfame.guru/measures-to-banish-stocks-that-do-not-comply-with-audit-rules/