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US law targeting Chinese firms on American exchanges could trigger delistings and hurt investors, finance professor says

Summary:
[unable to retrieve full-text content]Legislation that could see Chinese companies booted from US stock exchanges if they do not comply with auditing standards could lead to a wave of delistings and ultimately hurt American shareholders and the financial industry, a Cornell University finance professor has said.President Donald Trump on Friday signed the Holding Foreign Companies Accountable Act, applying more pressure on Beijing as he prepares to leave office next month. The Trump administration has already targeted a range of…

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[unable to retrieve full-text content]
Legislation that could see Chinese companies booted from US stock exchanges if they do not comply with auditing standards could lead to a wave of delistings and ultimately hurt American shareholders and the financial industry, a Cornell University finance professor has said.President Donald Trump on Friday signed the Holding Foreign Companies Accountable Act, applying more pressure on Beijing as he prepares to leave office next month. The Trump administration has already targeted a range of…

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