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Authorities working hard to stop US delistings of Chinese firms: China regulator

Authorities working hard to stop US delistings of Chinese firms: China regulator

US authorities are moving towards kicking foreign companies off American stock exchanges if they do not comply with US auditing standards, rules which at present would affect many Chinese companies

China Securities Regulatory Commission is in open communication with US authorities to resolve the delisting threat, and was working hard to do so China Securities Regulatory Commission is in open communication with US authorities to resolve the delisting threat, and was working hard to do so

Potential delistings of Chinese companies from US stock exchanges would not be good for companies, global investors or Sino-US relations, an executive at China's securities regulator said on Thursday.

US authorities are moving towards kicking foreign companies off American stock exchanges if they do not comply with US auditing standards, rules which at present would affect many Chinese companies.

Shen Bing, director general of the China Securities Regulatory Commission's department of international affairs, told a conference in Hong Kong that the regulator was in open communication with US authorities to resolve the delisting threat, and was working hard to do so.