The American authorities want to tighten the rules for Chinese companies on stock exchanges in the United States. In the future, the auditors of the company to grant the U.S. Supervisory authorities to have access to your Reports, demanded on Thursday a working group under the leadership of the American Minister of Finance, Steven Mnuchin.
in Addition, should be pointed out to investors more clearly on the risks associated with investing in companies from countries with poor access to the documents. The aim of the tightening of the Ministry is, according to the financial, to maintain the confidence of investors in the capital markets of the United States.
In the past few months, several Chinese companies, which are traded on the New York Wall Street were mired in scandals. The Café chain Luckin Coffee had to about to grant in April that one of their Manager is suspected to have false information as to the sales made.Updated Date: 07 August 2020, 10:19