China regulator says authorities working hard to stop U.S. delistings of Chinese firms By Reuters

© Reuters.

HONG KONG (Reuters) – Potential delistings of Chinese corporations from U.S. inventory exchanges wouldn’t be good for corporations, world buyers or Sino-U.S. relations, an government at China’s securities regulator mentioned on Thursday.

U.S. authorities are transferring in direction of kicking overseas corporations off American inventory exchanges if they don’t adjust to U.S. auditing requirements, guidelines which at current would have an effect on many Chinese corporations.

Shen Bing, director basic of the China Securities Regulatory Commission’s division of worldwide affairs, advised a convention in Hong Kong that the regulator was in open communication with U.S. authorities to resolve the delisting menace, and was working hard to accomplish that.

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