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SEC threatens Chinese companies with stock market exclusion

The US Securities and Exchange Commission (SEC) has threatened more than 80 Chinese companies with expulsion from US stock exchanges. These companies include heavyweights such as JD.com, Jinkosolar, China Petroleum & Chemical, Pinduoduo, Nio and Bilibili. The background is a years-long dispute between the US and China over disclosure requirements that companies listed on US exchanges must comply with. The companies must disclose their financial statements to US authorities for review. The request has so far been rejected by China on the grounds of national security concerns. Regulators in both countries are currently in talks on an agreement on the issue.

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