 "Chinese companies")
Chinese companies will have to disclose more information about audits and whether they are controlled by a government or else leave US stock markets under a rule approved by securities regulators.
The rule approved by the Securities and Exchange Commission steps up a long-running stand-off between Washington and Beijing over how much information companies with US-traded shares must disclosed.
Companies that used an auditor in a foreign jurisdiction will be required to confirm they are not “owned or controlled by a government entity” there, according to the SEC. Companies also will be required to disclose additional information in
The rule approved by the Securities and Exchange Commission steps up a long-running stand-off between Washington and Beijing over how much information companies with US-traded shares must disclosed.
Companies that used an auditor in a foreign jurisdiction will be required to confirm they are not “owned or controlled by a government entity” there, according to the SEC. Companies also will be required to disclose additional information in
