INSUBCONTINENT EXCLUSIVE:
In total, some 248 companies are affected, with a market capitalization of about $2.1 trillion.New York: Five Chinese companies have been
ordered to comply with audit requirements by the US Securities and Exchange Commission (SEC) or face delisting from Wall Street.The initial
group of companies named on a list published by the SEC on Thursday, could soon be followed by all Chinese companies listed in New York,
companies under which the Public Company Accounting Oversight Board (PCAOB) must be able to inspect audits of foreign firms listed on US
new law therefore puts them at risk of delisting, and its implementation comes at a time when Chinese authorities have expressed
five companies named Thursday were the biotech companies BeiGene, Zai Lab and Hutchmed, as well as the semiconductor industry subcontractor
surpasses the other companies by far in revenue and capitalization.Born from the 2016 spin-off of the Chinese operations of US-based Yum
from Chinese authorities, less than six months after its high-profile listing on the New York Stock Exchange.