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JD.com, Pinduoduo added to Chinese companies facing delisting in US

May 5, 2022
Source: straitstimes.com straitstimes.com
News Snapshot:
HONG KONG (BLOOMBERG) - US regulators added more than 80 companies, including JD.com, Pinduoduo and Bilibili, to a expanding list of firms that face possible expulsion from American exchanges because of Beijing's refusal to allow access to the businesses' financial audits. The Securities and Exchange Commission (SEC) on Wednesday (May 4) put the corporations on a provisional lineup of US-listed Chinese entities that face delisting under a 2020 law, starting a three-year clock to comply with inspection requirements. Some of the largest Chinese companies traded on US exchanges, including China Petroleum & Chemical Corp, JinkoSolar Holding, NetEase, and NIO were...
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Tags: accounting | America | audit | Beijing | Bilibili | Bloomberg | China | Chinese | commission | Congress | Economy | finance | Hong Kong | national security | NetEase | New York | Oil | online shopping | Pinduoduo | Security Law | stock exchange | stock market | United States | USA | Washington

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