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$FXI $SPY At SEC Roundtable When Asked About Delisting Chinese Companies, SEC Chairman Atkins Says Agency Will Take Action If Companies Do Not Abide by Laws https://t.co/fDFSoqE3wL
This after #Bessent said last week that “everything is on the table” when it comes to China ADR delisting. $BABA $JD $BIDU $MAGS $PDD https://t.co/OXrT47kgof
SEC Chairman Atkins, when asked about delisting Chinese companies, says agency will take action if companies do not abide by laws
SEC Chairman Gary Gensler Atkins stated that the Securities and Exchange Commission will take action against Chinese companies listed in the U.S. if they fail to comply with applicable laws. This statement comes amid ongoing concerns about the regulatory compliance of Chinese American Depositary Receipts (ADRs) including major companies such as NIO Inc., XPeng Inc., Li Auto Inc., PDD Holdings, JD.com, Alibaba Group, and Baidu. The remarks follow earlier comments by SEC official Bessent, who indicated that "everything is on the table" regarding the potential delisting of Chinese ADRs. The SEC's position underscores heightened scrutiny of Chinese firms' adherence to U.S. regulatory standards, which could impact their continued listing on U.S. exchanges.
