(AF) Former vice president Mike Pence is among senior voices calling for regulators to accelerate measures that could lead to the delisting of some Chinese companies after lawmakers learned that at current rates, nothing will happen until 2025, the Financial Times has reported.
The Trump-era Holding Foreign Companies Accountable Act, which would affect 248 Chinese firms listed on American exchanges, isn’t close to the “rule-making” stage, the report stated. The measure was drawn up to force foreign companies to open up their accounts, something Beijing opposes. Refusal to comply would be punishable by delisting.
