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asia markets policy

Senate Bill Targets Chinese Companies for Delisting

By
Christopher Stern
· · Source: CNBC

A U.S. Senate bill approved today would require companies to certify that they aren’t owned or controlled by a foreign government, a move aimed at Chinese companies with ties to their nation’s Communist Party, CNBC reported. The bill would ban foreign companies from trading on U.S. exchanges if they failed to open their books to U.S. auditors for three consecutive years. Although, the...

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