Why Chinese firms probably won’t be delisted
But analysts say that a delisting exodus is actually pretty unlikely.
″There is potential for a negotiated solution, even if the legislation is signed into law,” said Marc Iyeki, former head of Asia-Pacific listings at the New York Stock Exchange.
Firms have three years to comply, which is a lot of time.
“The three-year grace period indicates that Congress is willing to give Chinese companies and their auditors, not once, not twice, but three chances to comply,” Iyeki said.
Iyeki said that Chinese regulatory authorities have also indicated that they are ready to sit down to reach a mutually acceptable solution, and there are signs that the Securities and Exchange Commission is ready to negotiate.
″The SEC appears to be moving forward on preparing a co-audit solution based on PWG [President’s Working Group] recommendations, so it seems they, too, are envisioning a possible resolution,” Iyeki said
Ultimately, we are dealing with the world’s two largest economies, whose financial markets are becoming more and more intertwined.
Decoupling the two is complicated and not particularly advantageous for either country.
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