News Snapshot:
HONG KONG, (Reuters) – Potentially delisting Chinese companies from U.S. Stock Exchanges will not benefit companies, investors globally, or Sino-U.S. Relations, a senior official at China’s securities regulator stated on Thursday. U.S. authorities plan to kick foreign companies out of American stock exchanges, if they fail to comply with U.S. auditoring standards. This would impact many Chinese companies. Shen Bing, the director general of China Securities Regulatory Commission’s department of international affairs told a Hong Kong conference that the regulator is in constant communication with U.S authorities in order to solve the delisting threat and that they are working hard....
