Mahigit 80 kumpanya kabilang ang JD.com ng China na idinagdag sa listahan ng U.S. SEC na nahaharap

Mahigit 80 kumpanya kabilang ang JD.com ng China na idinagdag sa listahan ng U.S. SEC na nahaharap sa panganib sa pag-delist

Pinalawak ng SEC noong Miyerkules ang listahan, na binubuo ng mga entity na Chinese na nakalista sa U.S., sa isang pansamantalang lineup sa ilalim ng batas noong 2020 na kilala bilang The Holding Foreign Companies Accountable Act.

The act, signed into a law by then-President Donald Trump, aims to remove foreign-jurisdiction companies from U.S. bourses if they fail to comply with American auditing standards for three years in a row.

Other large Chinese companies that were added to the SECs list were JinkoSolar Holding Co Ltd, NIO Inc, and China Petroleum & Chemical Corp, among others.

Sources had told Reuters last month Chinese regulators had asked some of the countrys U.S.-listed firms, including Alibaba, Baidu, and JD.com, to prepare more audit disclosures.

China had also proposed in early-April to revise confidentiality rules on offshore listings, a move sought to remove a legal hurdle to Sino-U.S. co-operation on audit oversight and put the onus on Chinese firms to protect state secrets.

The development was after a U.S. watchdog had said in March it continued to engage with Chinese regulators about getting access to their auditors records, but it was unclear if the Chinese government would grant the access required by a new U.S. listing law.