U.S. Securities and Exchange Commission Chairman Gary Gensler said he’s unclear about the prospect of reaching a deal with Beijing to prevent the mass delisting of Chinese companies whose shares are traded on American stock exchanges.
In a July 19 interview with Bloomberg, Gensler said the authorities in China are the ones who will ultimately decide whether to allow American regulators to review their full audit reports as required under U.S. law.
“I just really don’t know right now,” Gensler told Bloomberg, referring to the potential of reaching an agreement. “It’s going to be choices made by the authorities there.”…