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GOP Sens. Prod Gensler Over Trump-Era Law Targeting China
Law360 (June 28, 2021, 9:27 PM EDT) A group of GOP senators wants assurances from U.S. Securities and Exchange Commission Chair Gary Gensler that the implementation of a Trump-era law aimed at cracking down on Chinese companies evading U.S. oversight won t be delayed following the ouster of the Public Company Accounting Oversight Board s chairman, according to a letter sent Monday.
The Holding Foreign Companies Accountable Act, enacted in December, aims to crack down on foreign companies that are listed on U.S. or over-the-counter exchanges but operating outside the accounting oversight board s purview.
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China listing frenzy in US set to be boosted by Didi IPO Ride-hailing giant Didi Chuxing s planned US$4 billion New York debut will supercharge Chinese listings in the United States on the back of an all-time high in the first half the year, despite political sparring between the two countries.
FILE PHOTO: A Didi logo is seen at the headquarters of Didi Chuxing in Beijing, China November 20, 2020. REUTERS/Florence Lo/File Photo
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HONG KONG: Ride-hailing giant Didi Chuxing s planned US$4 billion New York debut will supercharge Chinese listings in the United States on the back of an all-time high in the first half the year, despite political sparring between the two countries.
Ride-hailing giant Didi Chuxing's planned $4 billion New York debut will supercharge Chinese listings in the United States on the back of an all-time high in the first half the year, despite political sparring between the two countries.