US Senate passes bill to boost oversight and delist Chinese companies from exchanges

Asking Chinese companies listed in the US to provide the same operational transparency as other firms is “reasonable” – but would put them in conflict with state secrets rules enforced by the Chinese government, said Anna Ashton, senior director of government relations at the US-China Business Council. “Chinese companies, in order to comply with this rule, at least according to the Chinese government, would have to break state secrets laws, and so this looks like a way to try to encourage the Chinese government to change their laws,” Ashton said.