SEC to begin delisting noncompliant Chinese stocks in 2024

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Chinese companies that do not comply with laws requiring inspection of their auditing process by U.S. regulators will be forced off American stock exchanges starting in 2024, Securities and Exchange Commission Chairman Gary Gensler wrote in a Wall Street Journal op-ed late Monday.

Gensler pointed to the Holding Foreign Companies Accountable Act, passed unanimously by Congress last year and signed into law by President Trump, which prohibits trading an issuer’s stock unless the Public Company Accounting Oversight Board is allowed…

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