 "Chinese tech stocks fall sharply as US SEC rolls out delisting law")
Shares in dual-listed Chinese companies fell sharply on Thursday in Asia after the US securities regulator adopted measures that would kick foreign companies off American stock exchanges if they do not comply with US auditing standards.
The move by the Securities and Exchange Commission (SEC) adds to the unprecedented regulatory crackdown in China on domestic technology companies, citing concerns that they have built market power that stifles competition.
The Holding Foreign Companies Accountable Act, signed into law by then-President Donald Trump in December, is aimed at removing Chinese companies from US exchanges if they fail to comply with
The move by the Securities and Exchange Commission (SEC) adds to the unprecedented regulatory crackdown in China on domestic technology companies, citing concerns that they have built market power that stifles competition.
The Holding Foreign Companies Accountable Act, signed into law by then-President Donald Trump in December, is aimed at removing Chinese companies from US exchanges if they fail to comply with
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