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It sounds like it's trying to address the points made in "The China Hustle" [1] where investors aren't able to assess Chinese companies listed on US markets. "
by droopyEyelids 6y ago
It sounds like it's trying to address the points made in "The China Hustle" [1] where investors aren't able to assess Chinese companies listed on US markets.
"If a company can’t show that it is not under such control OR the Public Company Accounting Oversight Board isn’t able to audit the company for three consecutive years to determine that it is not under the control of a foreign government, the company’s securities would be banned from the exchanges."
[1] https://www.youtube.com/watch?v=h_wi8Ti9vUY https://www.youtube.com/watch?v=h_wi8Ti9vUY