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US Senate passes bill to delist Chinese firms like Alibaba from stock exchanges⁠
short by Anushka Dixit / on Thursday, 21 May, 2020
US Senate unanimously passed a bill that could prohibit Chinese companies including Alibaba Group and Baidu from listing on the stock exchanges. Companies would have to follow US' audit system and validate that they aren't under a foreign government's control. It was earlier reported that Nasdaq will introduce IPO restrictions to make it harder for Chinese firms to list themselves.
read more at BloombergQuint