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Chinese stocks fall after SEC warns Baidu of potential delisting for failing to comply with US financial audit

April 1, 2022
Source: businessinsider.in businessinsider.in
News Snapshot:
SEC Chairman Gary Gensler. Alex Wong/Getty Images Chinese stocks moved lower on Thursday after the SEC flagged Baidu for a potential delisting . Chinese companies listed on US exchanges have until 2024 to comply with a new law that requires them to be audited by US-based accountants. "If we're in the same place two years from now," many companies "would be suspended," SEC Chairman Gary Gensler said. Advertisement Chinese stocks edged lower on Thursday after the Securities and Exchange Commission identified a new batch of Chinese companies that could be subject to delisting from US exchanges if they don't comply...
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