The move puts at risk the special status under US law Hong Kong has enjoyed since 1992, jeopardising billions of dollars worth of trade and investment.
The CSRC has responded to a US bill that could subject the 233 Chinese companies listed in the US to PCAOB oversight in their audits, or delisting for noncompliance.
New legislation passed in the US Senate will require companies to submit to an audit that can be reviewed by the PCAOB, and de-list firms that at noncompliant for three years.
Nasdaq will put a minimum $25mn value on the size of IPOs, making it harder for some Chinese firms to pursue a listing. A delisting notice has been filed against Luckin Coffee.
'ESG Footprint' helps investors track a wide range of sustainability criteria, including carbon footprint, board diversity and companies flagged for human rights issues.
The Federal Retirement Thrift Investment Board had planned to benchmark its international exposures to an MSCI index that would channel up to $4.5bn into Chinese equities.
Bloomberg Tradebook let unaffiliated brokers make decisions about the routing of certain customer trade orders in a way that lowered its own costs, without informing affected customers.
Backed by some of Wall Street's largest financial institutions, MEMX says it will offer a less expensive exchange model; fewer, less complex order types; and a basic market data feed.
US authorities may be signalling their intent to increasingly use the PATRIOT Act to gain access to foreign bank records in DPRK sanctions investigations, says Nick Turner at Steptoe & Johnson.
After decades of chasing the prestige of a US listing, Chinese companies can’t go private fast enough – here’s why.
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