Congress wants to give Chinese companies that trade in New York just two years to comply with US audit requirements or face delisting, revising a 2020 law that has put about 200 stocks at risk.
Lawmakers tucked the provision into a massive omnibus bill that would fund the federal government for the coming year. The draft spending package was released early Tuesday.
- Last week, the Public Company Accounting Oversight Board declared that after years of failed negotiations with Beijing, it had finally secured the access it needed to vet the work of auditors based in China and Hong Kong. The ...