The U.S. Securities and Exchange Commission has halted initial public offerings of Chinese companies until they provide more disclosures about investment risks.SEC Chair Gary Gensler said the Chinese government’s recent crackdown on foreign listings and its announcement of enhanced cybersecurity reviews are “relevant to U.S. investors.” He said he’s asked the SEC staff to seek additional disclosures from Chinese firms before signing off on their registration statements to sell shares.“I believe such disclosures are crucial to informed investment decision-making and are at the heart of the SEC’s mandate to protect investors in U.S. capital markets,” Gensler said in a Friday statement.
Load More
Load More