SEC Chief Says It’s Unknown If China Can Avoid Its Companies Being Delisted From US Markets

Gary Gensler, Chair of the U.S. Securities and Exchange Commission, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, on Sept. 14, 2021. Bill Clark-Pool/Getty Images

U.S. Securities and Exchange Commission Chairman Gary Gensler said he’s unclear about the prospect of reaching a deal with Beijing to prevent the mass delisting of Chinese companies whose shares are traded on American stock exchanges.

In a July 19 interview with Bloomberg, Gensler said the authorities in China are the ones who will ultimately decide whether to allow American regulators to review their full audit reports as required under U.S. law.