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SEC’s Gensler Says It’s Unclear If China Will Avoid Delistings

  • SEC chief says up to Beijing to grant access to audit papers
  • Chinese companies face possible US delistings as soon as 2024
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Gensler Says China Needs to Play by the Rules
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Securities and Exchange Commission Chair Gary Gensler says it’s unclear if American and Chinese authorities will reach a deal to avoid the delisting of some 200 companies from US stock exchanges. 

Gensler said on Tuesday during an interview on Bloomberg Television’s “Balance of Power With David Westin” that it’s ultimately Beijing’s decision whether to grant access to American audit inspectors as required by US law. He added that talks between the two sides had been “constructive.”