Welcome

SEC Chair Gensler ‘Concerned’ About Chinese Listings in U.S.

Aug. 4, 2021, 12:37 PM

Securities and Exchange Commission Chair Gary Gensler says he remains “concerned” that American investors may not be getting enough information about Chinese companies listed on U.S. exchanges.

  • “There’s a lot of political risk, in addition to the accounting and books and records risk” Gensler says in a Wednesday CNBC interview
  • Gensler repeated concerns over disclosures about the shell-company structure many Chinese firms use to list in the U.S.
  • EARLIER: SEC Chief Blocks Chinese IPOs Until Risks Better Disclosed
  • He also repeats concerns about U.S. inspectors not having access to review Chinese company audits
  • “I’m concerned that the retail public doesn’t ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.