Alibaba vs. Baidu: Timing the Bottom
04 April 2022 - 04:41PM
TipRanks
Chinese stocks were in the green on Friday after there were signals
that an audit dispute between Chinese regulatory authorities and
the U.S. Securities and Exchange Commission (SEC) could be resolved
amicably. According to a CNBC report, the dispute arose after the
SEC passed the Holding Foreign Companies Accountable Act in 2020.
This Act allows the SEC to delist Chinese companies from U.S. stock
exchanges if these companies fail to allow American regulators to
review company audits for the past three consecutive years.
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