US congress sets stage for exiling Chinese stocks

The House of representatives passed a bill which could force Chinese stocks out of US Stock markets. This law was passed after it was clear in recent years that some information provided by audidts are not correct and US auditors are not allowed to do audits on Chinese companies as it violates the laws back in China. Chinese companies will have 3 years to comply and US regulator is making a new bill that could allow Chinese firms to comply with US regulation, but not break laws back home. Without this it would be imposible for Chinese firm such as Alibaba stay at the US stock makrets where these firms raised biliions of dollars and would demage their stock prices at other exchanges as well. (Michaels, Wall Street Journal)

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