December 2, 2020

Chinese firms could lose access to US stock markets

New York (AFP) – The House of Representatives on Wednesday passed a bill that could close US stock and money markets to Chinese firms. The “Holding Foreign Companies Accountable Act” could be quickly placed on the desk of US President Donald Trump for final approval, since it was already passed by the Senate. The measure introduced in 2019 by Louisiana Republican Senator John Kennedy would mandate that foreign companies listed on US stock exchanges comply with accounting requirements of the US Securities and Exchange Commission. Many foreign companies already conform to the standard, but Chine…


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