(Reuters) SEC official Allison Lee has said Chinese firms listed on U.S. exchanges now have a disclosure obligation on government interference risks.
The Democratic Commissioner made the comments in the wake of the China regulatory crackdown, which saw Didi lose 25% of its $4.4 billion listed in New York.
China’s move to make tutoring companies non-profit also saw Chinese listed firms among them Gaotu Techedu and TAL education group’s shares drop.
Some policymakers are concerned that the U.S.-listed Chinese firms may be breaking potential risks disclosure regulations.
Lee reiterated the commission’s commitment in protecting U.S. investors from unscrupulous stock market behavior.
CSI 300 is down -3.53%, USDCNY is up 0.35%.
