US-China Relations

US Lawmakers Introduce Bill to Increase Oversight of US-Listed Chinese Firms

US Lawmakers Introduce Bill to Increase Oversight of US-Listed Chinese Firms
Sen. Marco Rubio (R-Fla.) questions U.S. Secretary of State Mike Pompeo during a Senate foreign Relations Committee hearing on the State Department budget request in Washington on April 10, 2019. Reuters/Erin Scott
Cathy He
Cathy He
EDITOR
|Updated:

A bipartisan group of U.S. lawmakers introduced a bill on June 5 to force Chinese companies listed on U.S. stock exchanges to open their audit books to U.S. regulators, or face delisting.

The Chinese regime currently blocks overseas regulators from inspecting full audit reports of publicly traded companies headquartered in Hong Kong and mainland China, citing national security and state secrecy.

Cathy He
Cathy He
EDITOR
Cathy He is the politics editor at the Washington D.C. bureau. She was previously an editor for U.S.-China and a reporter covering U.S.-China relations.
twitter
Related Topics