SEC Pushes Urgent Plan That Could Delist Chinese Companies
- Regulator is racing to release a proposal by end of this year
- Rule would have to be finished by Joe Biden’s SEC chairman
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The U.S. Securities and Exchange Commission is pushing ahead with a plan that threatens to kick Chinese companies off U.S. stock exchanges, setting up a late clash between Washington and Beijing as the Trump administration winds down.
By the end of this year, the SEC intends to propose a regulation that would lead to the delisting of companies for not complying with U.S. auditing rules, according to people familiar with the matter.