HONG KONG (Reuters): The rush by US-listed Chinese companies to secure a secondary listing in Hong Kong or on the mainland is only set to intensify as the United States readies a new law allowing it to kick firms off its exchanges if they do not comply with US auditing rules.
The “Holding Foreign Companies Accountable Act” is expected to be soon signed into law by US President Donald Trump after it was passed by the US House of Representatives on Wednesday (Dec 2).
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