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White House Moves to Enforce Auditing Rules on US-Listed Chinese Companies

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White House Moves to Enforce Auditing Rules on US-Listed Chinese Companies
U.S. Secretary of the Treasury Steven Mnuchin (L) talks to Chairman of Securities and Exchange Commission Jay Clayton (R) during a Financial Stability Oversight Council meeting in Washington, on Oct. 16, 2018. Alex Wong/Getty Images
Frank Fang
Updated:

Chinese companies listed on U.S. stock exchanges could soon be delisted for failure to comply with U.S. audit standards, after advisers to President Donald Trump issued a report on how to protect investors.

The report was compiled by the President’s Working Group on Financial Markets (PWG), which includes Treasury Secretary Steven Mnuchin and Securities and Exchange Commission (SEC) Chairman Jay Clayton.

Frank Fang
Frank Fang
journalist
Frank Fang is a Taiwan-based journalist. He covers U.S., China, and Taiwan news. He holds a master's degree in materials science from Tsinghua University in Taiwan.
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