The US Securities and Exchange Commission plans to pass legislation to write off Chinese companies listed on US stock exchanges that do not comply with US auditing rules.
According to Arabiya Net, the Wall Street Journal said that the commission has been working on, since August, a bill to compel Chinese companies to deal with auditors under the supervision of the Supervisory Board. Corporate accounting. P>
This comes on the heels of another decision by the Trump administration last week to prevent American citizens from investing in Chinese companies with links to the military.
It is noted that more than 210 Chinese companies are listed on US stock exchanges with a market capital of $ 2.2 billion.
US President Donald Trump's first term witnessed multiple crises with China within the framework of the trade war, including restrictions on Chinese companies, including Hawaii and accusing them of working for the Chinese government and using Its technologies are for espionage purposes.
In the midst of the political crisis hitting America, the administration of the President, Donald Trump, plans to continue implementing its hard-line policies towards China in the next two months before it takes over the administration of President-elect Joe Biden Authority, administration officials told CNN.
one administration official said that hawks in the Trump administration believe that there are certain measures they can take now that would trap the Biden administration in this file.
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With President Trump's possible loss to President-elect Joe Biden, the administration is preparing to move more quickly on some of the measures it was planning to take because it is less concerned about the collapse of the trade deal with China . The administration official explained that this fear was always holding back their policies from taking action quickly.