The Securities and Exchange Commission's decision to push ahead with a plan that could lead to the delisting of Chinese companies from U.S. stock exchanges is just the latest salvo. Last week, Trump issued an executive order barring investments in Chinese companies that are owned or controlled by the military. The issue of allowing U.S. regulators access to the audits of Chinese companies listed on American markets is a longstanding one. It may have been fanciful to imagine that the pressure would ease up on China’s technology companies in any case. Chinese companies may need to wait a long time for embargoes to ease and must face the reality that some will stay forever.

Source: Mint November 19, 2020 00:33 UTC