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25.6. https://www.marketwatch.com/story/dc-is-finally-paying-atten… => ...Regulators are finally paying attention to the risky issues associated with Chinese companies publicly listed in the U.S., but the proposed solution could actually be more harmful to American investors. Two bipartisan bills have been introduced in the U.S. Senate and one in the House to give U.S. regulators much-needed power to demand that the accounting practices of Chinese companies be treated the same way as their U.S. counterparts. The new bills include one introduced earlier this month by U.S. Sens. Marco Rubio (R, Florida), Bob Menendez (D-NJ), Tom Cotton (R-AR) and Kirsten Gillibrand (D-NY), referred to as the Equitable Act, that seeks a nuclear option: Delisting companies trading on U.S. exchanges that are out of compliance with U.S. regulators for a period of three years. The main issue the bills seek to address — the other was introduced in March by Chris Van Hollen (D-MD) and John Kennedy (R-LA) — is an important one. Right now, auditors working for Chinese companies that trade in U.S. markets basically rubber-stamp what management tells them, without access to company documents, which also aren’t made available to U.S. regulators... |
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| aus der Diskussion: | Alibaba rockt Zahlen und boomt in der Cloud: Was Investoren wissen müssen |
| Autor (Datum des Eintrages): | faultcode (26.06.19 01:01:45) |
| Beitrag: | 20 von 518 (ID:60891327) |
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