U.S. regulators start a three-year countdown that would force many Chinese companies to leave American stock exchanges after a long U.S.-China audit fight
U.S. securities regulators have started a countdown that will force many Chinese companies, after a long impasse between Washington and Beijing over access to the companies’ audit records.
The action will accelerate the decoupling of the world’s two largest economies and affect investors that own securities in more than 200 U.S.-listed Chinese companies with a combined market value of roughly $2 trillion.
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