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.
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 ...