In the News: Delisting Bill Passed; Encryption Export Controls; Shadow Banking Report

December 07, 2020 | BY

Vincent Chow

U.S. House unanimously passes Holding Foreign Companies Accountable Act; China releases first export control list under new regime, targetting encryption technologies; CBIRC publishes shadow banking report, defining sector for first time

Congress passes delisting bill threatening non-compliant Chinese companies

The United States Congress has approved legislation that threatens to delist foreign companies that fail to comply with U.S. audit requirements. On Dec. 2, the U.S. House of Representatives unanimously