Business
Threat to China firms on US exchanges grows with bill’s progress – Aljazeera.com
While it applies to companies from any country, the bill targets Chinese firms that allegedly flout US audit rules.
The United States House of Representatives passed legislation to kick Chinese companies off US stock exchanges if they do not fully comply with the countrys auditing rules, giving President Donald Trump one more tool to threaten Beijing with before leaving office.
The measure passed the House by unanimous voice vote, after passing the Senate unanimously in May, sending it to Trump, who the White House said is expected to sign it into law.
The Holding Foreign Companies Accountable Act bars securities…
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