The CCP Plans to Adopt New Strategy to Avoid U.S. Delisting

The CCP authorities are reportedly preparing an intricate system of compliance methods to ensure their companies are not delisted by U.S. regulators.

The move will allow U.S. regulators to audit Chinese companies after the U.S. insisted that U.S.-listed Chinese and Hong Kong companies maintain transparency, according to a media report.

The CCP authorities have decided to divide U.S.-listed Chinese companies into three categories based on the sensitivity of the data, the report said. These categories include those companies that contain secret data, companies that hold sensitive data, and others that hold non-sensitive material.

In May, shareholders of Chinese ride-hailing giant Didi Chuxing Technology Co., formerly named Didi Dache and Didi Kuaidi, voted in New York to delist Didi Chuxing after Chinese authorities launched a cybersecurity investigation into the company. Many U.S.-listed Chinese companies, including Alibaba, have opted to hold their initial public offerings in Hong Kong as U.S. authorities have increased scrutiny of Chinese companies.

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Translator: Himalaya NZ Translation Team – Lisa0527
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