中概股

US regulator under fire for delays to delisting Chinese stocks

Companies that do not comply with US audit rules could keep New York listing as late as 2025

Pressure is building on the US Securities and Exchange Commission to finalise regulations to de-list Chinese companies that fail to comply with American auditing rules, after lawmakers discovered the agency might not begin enforcement until 2025 at the earliest.

Legislation signed by Donald Trump in December gave US-listed Chinese groups three years to comply with US accounting oversight.

But the clock has not begun ticking because so far the SEC has only issued interim rules that do not include a delisting process.

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