SEC Pushes Plan That Could Delist Chinese Companies

The SEC is working on rules that could lead to the delisting of Chinese companies from US exchanges if they don't comply with US audit regulations. This is part of a long-standing dispute between the US and China over audit transparency. The issue is exacerbated by deteriorating US-China relations and recent accounting scandals. Chinese companies are preparing by setting up secondary listings in Hong Kong. The situation is complex, with potential impacts on US exchanges and ongoing lobbying efforts.

What steps have Chinese companies taken in response to the potential delisting?

What implications could the SEC's proposed rules have for US-listed Chinese companies?