17 Chinese concept stock companies have been included in the "pre-delisting list" by the United States. These companies need to have the audit agency that reviews the audit papers by the U.S. Public Company Accounting Oversight Board (PCAOB) to issue corresponding fiscal year audit reports. If you want to issue such an audit report,

It is unlikely for these companies to be completed, so they will be included in the "Delisting List". After that, there will still be two years to deal with the issue of delisting in the United States. How to protect the rights and interests of investors by then?

These companies will face the greatest difficulties.

On April 21, the U.S. Securities and Exchange Commission once again included 17 Chinese companies listed in the United States on the "pre-delisting list". The deadline for these 17 companies to submit defenses is May 3, local time.

The five Chinese companies that were included in this list last time have entered the "Determined Delisting List". The reason why the United States has taken such measures is based on the "Foreign Company Accountability Act". According to this act, if a foreign company listed in the United States for three consecutive years

If an annual audit report issued by a designated audit agency cannot be issued, it will be included in this list.

Since Chinese regulatory agencies will not allow the risk of national information being out of control, and have clearly required through legislation that overseas listed companies are not allowed to provide audit manuscripts to overseas institutions without authorization, these companies' desire to obtain annual audit reports issued by designated audit agencies is almost equivalent to

It is a fantasy, but it is not impossible. If China and the United States can reach a consensus on cooperation on this matter, then this problem is not impossible to solve.

If according to the worst plan, these companies are delisted from the United States in two years, then how to ensure the rights and interests of investors will be the biggest problem these companies will face. Whether it can be solved by listing in Hong Kong is worth considering, but this

It will be a huge blow to Chinese concept stocks.

Do you think 17 Chinese concept stock companies have been included in the "pre-delisting list" by the United States? What difficulties will these companies face?

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