SEC sets clock for delisting Chinese companies over US audit demand
Five Chinese companies listed in New York have been named by US regulators as the first of as many as 270 groups that will be delisted if they do not hand over detailed audit documents that back their financial statements.
The US Securities and Exchange Commission said that fast-food giant Yum China, biotechnology groups BeiGene, Zai Lab and HutchMed, and technology company ACM Research faced delisting. The announcement triggered a sell-off in Chinese stocks that are traded in the US.
美国证交会(SEC)表示，快餐巨头百胜中国(Yum China)、生物科技集团百济神州(BeiGene)、再鼎医药(Zai Lab)及和黄医药(HutchMed)，以及科技公司盛美半导体(ACM Research)面临退市。这一声明导致在美上市的中国股票遭到抛售。
The regulator’s move comes after the US passed a law in December 2020 that required Chinese companies listed in the US to allow watchdogs such as the Public Company Accounting Oversight Board to review their financial audits.
此前，美国于2020年12月通过了一项法律，要求在美上市的中国公司允许美国上市公司会计监督委员会(Public Company Accounting Oversight Board)等监管机构对其财务审计进行审查。