Authorities working hard to stop US delisting of Chinese companies: Chinese regulator

Possible delisting of Chinese companies from US exchanges would not be good for companies, global investors or Chinese-US relations, a director of the Chinese securities regulator said Thursday.

US authorities are on track to kick foreign companies off US exchanges if they fail to meet US auditing standards, rules that would currently affect many Chinese companies.

Shen Bing, director general of the international affairs division of the China Securities Regulatory Commission, told a conference in Hong Kong that the regulator was in open communication with US authorities to resolve the threat of delisting and was working hard on it. to do this.

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