There is mounting speculation that Chinese firms will effectively be delisted from the main US stock exchanges such as the Dow Jones, S&P500 and Nasdaq Composites.

The proposed bill in the US, called the Holding Foreign Companies Accountable Act, would effectively delist stocks from the American exchanges that did not comply with US regulatory audits.

The bill would make foreign companies let the US authorities oversee the auditing of their financial records if they want to be on the US stock markets.

100% of American companies and most foreign firms already work in this way, but Chinese firms have tended to not comply with this in the past.

Therefore, the bill isn’t specifically focused on China, but would hit Chinese firms listed in New York harder.

What is interesting about the bill is that it is supported by the Democrats, and was rolled out by Democratic Brad Sherman of California which is a liberal state.

To carry on reading click here.




Owner at

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

How to save tax with HUF

Government Programs Landlords Can Benefit From — Padleads

The Deleveraging Myth And The Revival Of U.S. Real Estate Concerns

What happened to the American Dream?

Feudalism vs. Capitalism vs. Communism vs. Socialism

Yet Another Dent to the Bank’s Trustability

Miles To Go On Women’s Law Reform

Clash Of Titans: The Rise Of Finance

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Adam Fayed

Adam Fayed

Owner at

More from Medium

Three Stocks I Missed Out On

The Fed About to Repeat Volcker’s Tight Money Mistake?

Living on Borrowed Time

The Real Impact of Inflation on People Living With Low Incomes