Baidu Joins SEC List of Firms Facing Possible Delisting

The video discusses the potential delisting of companies that fail to comply with the SEC's audit requirements under the Holding Foreign Companies Accountable Act. Companies like Baidu and Futu Holdings have been added to a provisional list and must respond within 15 business days. The earliest potential delisting could occur in 2024, but legislative actions might expedite this. SEC Chairman Gary Gensler emphasizes limited room for compromise, highlighting ongoing US-China discussions. The situation remains tense as companies decide their next steps.

What is the potential consequence for companies that do not comply with the SEC's audit review requirements?

• Increased taxes

• Higher interest rates

• Mandatory mergers

• Potential delisting

Which companies were recently added to the SEC's provisional list?

• JD.com and Xiaomi

• Alibaba and Tencent

• Baidu and Futu Holdings

• Huawei and ZTE

What action have the House and Senate taken regarding the delisting process?

• They have ignored the process

• They have abolished the process

• They have called for speeding up the process

• They have delayed the process

What did SEC Chairman Gary Gensler say about the discussions between the US and China?

• They have reached a final agreement

• They are ongoing but uncertain

• They are irrelevant to the SEC

• They are not happening at all

What could happen to many companies if the situation remains unchanged in two years?

• They would be suspended

• They would receive tax benefits

• They would expand operations

• They would merge with US companies