The US Securities and Exchange Commission has announced that it will require Chinese companies seeking to list on the US stock market to disclose additional information, such as whether they have permission from the authorities.
Since the stock price of a Chinese company listed in the United States has fallen due to the Chinese government's strengthening of supervision, we would like to protect investors by disclosing information in advance.
This was revealed by Gensler, chairman of the Securities and Exchange Commission of the United States, in a statement on the 30th.
It says that if a Chinese-based company seeks to be listed on the US stock market, it will require additional information, such as whether it has obtained permission from the Chinese authorities.
On the New York Stock Exchange last month, after the listing of China's largest ride-hailing service "Drip", the Chinese government announced that it would be examined for national security reasons, and the stock price of Drip fell.
The Chinese government has recently increased its oversight of Chinese companies listed overseas, and investors are worried about the risks, saying that stock prices could be affected.
The Securities and Exchange Commission of the United States wants to protect investors by having these companies disclose information in advance, such as whether they have permission to list from Chinese authorities.