U.S. Eyes Audits in Hard Line on China Delistings

The video discusses the issue of audit access for Chinese companies listed in the US, highlighting the PCAOB's requirement for audit inspections. It covers the historical context of the legislation, the stance of Washington, and the response from the Chinese government. The PCAOB insists on equal rules for all companies, while Chinese companies cite security concerns. The situation escalated in 2020 with a law mandating delisting for non-compliance, and recent statements indicate ongoing negotiations.

What recent action did China take regarding its equities listed abroad?

• Imposed new taxes

• Restricted foreign investments

• Increased tariffs

• Lent verbal support

What does the PCAOB require from Chinese companies?

• To delist immediately

• To follow the same rules as other companies

• To pay higher taxes

• To increase their market share

Which organization issued a statement about the audit compliance of Chinese companies?

• NYSE

• NASDAQ

• SEC

• PCAOB

What is the consequence for companies not complying with the 2020 law for three consecutive years?

• They will receive a warning

• They will be fined

• They will be delisted

• They will be given an extension

What did the Chinese government recently state about the audit compliance issue?

• They are making progress

• They are ignoring it

• They are withdrawing from US markets

• They are increasing restrictions