White House Moves To De-List Chinese Companies From American Stock Exchanges

The Trump Administration’s campaign of non-stop foreign policy agitation – from sending Alex Azar to Taiwan, to holding more military exercises in the South China Sea, to Trump threatening to ban TikTok, and imposing sanctions on firms and individuals tied to the Chinese security apparatus in Xinjiang – continues apace Thursday night.

WSJ reports that a new proposal from the Trump Administration calls for all Chinese-domiciled companies with shares listed on American stock exchanges will need to comply with American auditing rules, or de-list by 2022.

It’s not exactly a surprise. The Senate back in May passed a bill entitled the “Holding Foreign Companies Accountable” Act that called for Chinese companies to confirm to American accounting standards, or de-list. The bill was passed in the wake of the Luckin Coffee fraud.

It has been on the back-burner since.

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Ch00 Ch00

I made my name because my hubs is a Locomotive Engineer on the Railroad for over 45  years now.  It’s funny how it fits right into the TRUMP TRAIN.  I am one of God’s many Children trying my best daily to live by God’s Word.  I have many hobbies on the computer and off the computer.  God Bless!

Ch00 Ch00