SEC Chief Doubts Imminent Deal to Avoid China Delistings
- Chinese authorities face ‘hard set of choices,’ Gensler says
- He signals only full compliance with U.S. rules will suffice
This article is for subscribers only.
Securities and Exchange Commission Chair Gary Gensler tamped down speculation that a deal is brewing to keep about 200 Chinese stocks from losing their listings, signaling that only total compliance with U.S. audit inspections will allow the companies to keep trading on American markets.
“There have been thoughtful, respectful, productive conversations, but I don’t know where this is going to end up,” Gensler said in a Tuesday interview, referring to ongoing negotiations. “It’s up to the Chinese authorities, and it could be frankly a hard set of choices for them.”