Virtually Every Chinese ADR is Expected to Be Delisted From American Exchanges

As part of the Holding Foreign Companies Accountable Act (HFCAA), the U.S. government recently closed an accounting/auditing loophole that could result in the delisting of most Chinese-listed ADRs from American exchanges by the year 2024—or even as soon as 2023, if current legislation is enacted.  Recent steps taken by the U.S. government assure that a … Continued