Chinese tech giants face US SEC ultimatum: comply with American accounting practices or delist

Source: South China Morning PostNew York-listed Chinese tech firms could soon face a tough decision to leave the US after the country’s Securities and Exchange Commission started implementing a Trump-era law, dashing hopes that tensions between the Washington and Beijing might thaw under the new Biden administration.The SEC said on Wednesday that it is taking steps to enforce a law requiring accounting firms to let US regulators review the audits of overseas companies. Those that do not allow their books to be inspected for…Read More

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