Will Chinese Companies Have to Delist Off US Stock Exchanges?

Asia Business Podcast

English - June 08, 2021 03:04 - 42 minutes - 38.5 MB
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Previous Episode: The Xiaomi Playbook: How a Chinese Company Defeated a US Ban

Next Episode: Built in China - Charles Liao and the Story of Day 22

Will Chinese companies really be forced off of US stock exchanges because they cannot fulfill certain US audit requirements?

The Public Company Accounting Oversights Board (PCAOB) is tasked with essentially auditing the auditors of public companies trading in the US.

For Chinese companies which have listed on NASDAQ and NYSE, PCAOB has never been able to do this, and we’re now approaching a hard 3 year timeline where these companies may be forced out.

We talk to the former Head of Enforcement for PCAOB, Claudius Modesti, who has negotiated this bilateral issue with China’s CSRC and Ministry of Finance. If a compromise is possible, if these companies really will be forced to leave?

No one can answer this better than Claudius. Enjoy the episode.
Producer

Jacob Thomas

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