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Chinese firms face US delisting as audit bill passes Congress

BUSINESS DAILY
BUSINESS DAILY © FRANCE 24 screengrab
By: Yuka ROYER
5 min

The US House of Representatives has passed a bill that could kick Chinese companies off American stock markets if they don’t disclose more information and comply with US audit rules. A Senate version of the bill was already passed in May, and President Donald Trump is expected to sign the bill into law before he leaves office. Plus, Uber is reportedly in advanced talks to sell its flying taxi unit to an American aviation firm, as it shifts its focus to food delivery from its pandemic-hit ride hailing business.

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