News Analysis China’s online ride-hailing giant Didi Chuxing (Didi) announced on Dec. 2 it was delisting from the New York Stock Exchange and moving to Hong Kong, after being placed under four months official investigation. Didi’s withdrawal is linked to China’s secrecy toward data, as well as new stringent U.S. regulations involving Chinese companies on the stock market. Didi’s abrupt change, according to experts, was done under the duress of Chinese Communist Party (CCP) scrutiny. The day before Didi’s announcement of delisting, the Securities and Exchange Commission (SEC) finalized rules to implement the Holding Foreign Companies Accountable Act, signed by former U.S. President Donald Trump in December 2020. “If you want to issue public securities in the U.S., the firms that audit your books have to be subject to inspection by the PCAOB [Public Company Accounting Oversight Board],” said SEC Chair Gary Gensler in a statement. Wang Xianbin, director of Gasgoo Research Institute, told Reuters …