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America tightens Chinese companies' access to Wall Street

2020-12-04T23:11:02.895Z


A law has just been passed to strengthen the rules imposed on foreign companies. More than ever, it will be necessary to show a white paw to access the vast American capital market. Unanimously, the House of Representatives adopted on the night of Wednesday to Thursday a text aimed at considerably tightening the rules for listing foreign companies on Wall Street. Chinese companies are clearly in the sights. They are in fact in a very uncomfortable situation. While in China, th


More than ever, it will be necessary to show a white paw to access the vast American capital market.

Unanimously, the House of Representatives adopted on the night of Wednesday to Thursday a text aimed at considerably tightening the rules for listing foreign companies on Wall Street.

Chinese companies are clearly in the sights.

They are in fact in a very uncomfortable situation.

While in China, they are subject to a host of regulations and laws that limit the release of information to US regulators, Wall Street traders and the SEC, the policeman of financial markets, are alarmed at this situation.

For many years, they have pointed to the lack of transparency of many Chinese companies listed in the United States or wishing to enter the American markets.

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The text had already obtained the green light from the Senate last May.

Now all that is missing is the signature of the current

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Source: lefigaro

All news articles on 2020-12-04

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