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Over 80 firms including China's JD.com face delisting risk from US

The SEC on Wednesday expanded the list, consisting of US-listed Chinese entities, on a provisional lineup under a 2020 law known as The Holding Foreign Companies Accountable Act.

FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US (Photo: Reuters)
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Reuters
The US Securities and Exchange Commission added over 80 firms to its list of entities facing possible expulsion from American exchanges, which include China's JD.com, Pinduoduo Inc, Bilibili Inc , and NetEase Inc.

The SEC on Wednesday expanded the list, consisting of US-listed Chinese entities, on a provisional lineup under a 2020 law known as The Holding Foreign Companies Accountable Act.

The act, signed into a law by then-President Donald Trump, aims to remove foreign-jurisdiction companies from U.S. bourses if they fail to comply with American auditing standards for three years in a row.

Other large Chinese companies that were

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)