America has recently signalled a further tightening of regulations on U.S.-listed Chinese companies and warned investors about the potential risks of investing in these companies.
The Public Company Accounting Oversight Board (PCAOB) on Sept. 22 approved a new framework that requires companies not audited by American audit firms (China Concepts Stocks) to disclose more information to help the PCAOB implement the Holding Foreign Company Accountability Act. The framework will become effective upon approval by the U.S. Securities and Exchange Commission (SEC).
