White House seeks to crack down on Chinese companies listed in US

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WASHINGTON – Chinese companies whose shares trade on U.S. exchanges would be forced to relinquish their listing unless they comply with U.S. audit requirements under a plan recommended by the Trump administration on Thursday.

The proposal addresses a long-standing dispute over the inability of US regulators to inspect financial audits of Chinese companies that sell stocks in US markets. It follows bipartisan legislation passed by the Senate in May, which would give Chinese companies that do not comply three years to withdraw from the list …

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