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The US Securities and Exchange Commission (SEC) on Thursday published a provisional list of five US-listed companies including Yum China, BeiGene, Zai Lab, HUTCHMED and ACM Research for failing to comply with the Holding Foreign Companies Accountable Act (HFCAA).
HFCAA would delist US-listed ADRs in 2024 for failing to allow the PCAOB access to their audit reviews. HFCAA was passed by US politicians in 2020 to “punish” China though Chinese investors don’t . . .
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