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US-listed Chinese companies to get tougher oversight under bill set for House passage, Senator Rubio says

( December 2, 2020, 16:53 GMT | Official Statement) -- MLex Summary: Chinese and other foreign companies listed on American stock exchanges would be subject to more stringent oversight under a bill due to be passed by the US House, Senator Marco Rubio said. The legislation amends a Senate-passed bill that also would temporarily ban over-the-counter trading for firms that don’t comply with US regulators, the Florida Republican said. The US Securities and Exchange Commission is considering a similar regulation that is less stringent in that it would let noncompliant companies trade over the counter.Statement follows in full. ...

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