Tag: stock market

A driver uses the map on the Didi Chuxing ride-hailing app on his smartphone while driving on a street in Beijing on July 5, 2021. The Communist Party put the brakes on the app just days after its debut on the NYSE.

China Pumps the Brakes on Ride Hailing App Didi After NYSE Debut

Beijing-based ride hailing app Didi Global's shares fell more than 10 percent on the NYSE on June 2 after China broadened an internal probe into the company, blocking new users from signing up for the...

Hard Times for Stock Market, Small Businesses Under Biden: Poll Respondents

A recent CNBC poll of the investment community has surveyed how they believe the economy would fare under a Biden administration. The December poll results found that two thirds believe the stock market will do...

The Act prohibits companies from being listed on a United States exchange if they fail to comply with the Public Company Accounting Oversight Board’s (PCAOB) audits for three years in a row.

Law Demands Chinese Companies to Comply with SEC or De-list

Foreign companies are now required to adhere to U.S. accounting rules, according to a new law signed by President Donald Trump on Dec. 18. The Holding Foreign Companies Accountable Act, originally passed by the Senate...

Senate Passes Bill That Could Delist Chinese Firms From US Exchanges

Mainland Chinese companies must adhere to U.S. national financial regulations, or face delisting on America’s stock exchanges, according to legislation passed by the Senate on May 20. The bill applies to listed firms, as well...