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

Business & Finance

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

Reuters

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