SEC Seeks Amendment to China Delisting Bill as Slate of Delisters Emerges

Anna Ashton, a senior director at the US-China Business Council, told CTFN that the HFCAA puts Chinese companies in a “tricky position” wherein they have to choose between complying either with PCAOB audits or with China’s state secrets laws. “I think that is going to drive them off of the exchanges,” Ashton said.