Disclose more information or delist, SEC diktat for Chinese companies

Didi set to leave New York, make HK debut

Chinese companies will have to disclose more information about audits and whether they are controlled by a government or else leave US stock markets under a rule approved by securities regulators.
 
The rule approved by the Securities and Exchange Commission steps up a long-running stand-off between Washington and Beijing over how much information companies with US-traded shares must disclosed.
 
Companies that used an auditor in a foreign jurisdiction will be required to confirm they are not “owned or controlled by a government entity” there, according to the SEC. Companies also will be required to disclose additional information in