Business & Finance

Reuters first to report U.S. regulator freezes Chinese company IPOs over risk disclosures

Reuters was first to report that the U.S. Securities and Exchange Commission (SEC) has stopped processing registrations of U.S. initial public offerings and other sales of securities by Chinese companies while it crafts new guidance for disclosing to investors the risk of a new regulatory crackdown by Beijing. It is the latest salvo by U.S. regulators against corporate China, which has frustrated Wall Street for years with its reluctance to submit to U.S. auditing standards and improve the governance of companies held closely by founders. SEC chair Gary Gensler subsequently confirmed the Reuters report in a statement. 

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: AmericasAsia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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