11/2/2021- 8:46 p.m.
Over $1 TRILLION at risk if China delists from US markets en masse (Asia Financial)
Around 248 Chinese companies listed on US exchanges will be forced to delist in about three years if they do not comply with audit norms Congress has ordered the SEC to enforce.
It’s unlikely Beijing will bend to DC’s will. Chinese companies have been prohibited from complying with US audit requests since July, Asian Financial reports.
US investors hold around $1.1 trillion in Chinese stocks and around $100 billion in debt instruments. Mutual investments are totaled to as much as $3.3 trillion, as of the end of 2020.
