LK - Beyond The Headline: Key Takeaways From The U.S. Senate Bill
Bill S.945, passed by the Senate last week, states any US-listed Chinese company that does not allow the Public Company Accounting Oversight Board (PCAOB) to review their audited financials for three consecutive years could be delisted1. We believe this legislation creates the appearance of a tough stance, but leaves ample room for a thoughtful resolution, without harming US-listed Chinese firms or US investors. Unfortunately, there have been several misleading headlines and interpretations of the news. Below we have summarized the key facts surrounding this bill.
If the Bill passes in the House of