China’s securities regulator has hit back at a proposal by Washington that could effectively force companies from the country to delist from US stock exchanges, saying such a move would “weaken confidence” in American markets.
The US Senate last week unanimously passed a bill that would force companies to delist from US stock exchanges if they do not comply with US regulatory audits, something many Chinese companies are unwilling or unable to do.
On Sunday, China’s securities regulator issued an unusually stern response, saying the proposal “was directly targeted at China”, and “politicises securities regulation”.
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