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Washington:
US President Donald Trump is anticipated to signal a invoice that would stop some Chinese corporations from itemizing their shares on US exchanges until they adhere to US auditing requirements, the White House mentioned on Wednesday.
The invoice, which handed the Senate earlier this 12 months and was authorized by the House of Representatives on Wednesday, may hit corporations corresponding to Alibaba, tech agency Pinduoduo Inc and oil big PetroChina Co Ltd.
If signed into legislation, the measure would give Chinese corporations listed on US exchanges three years to adjust to US auditing guidelines earlier than being faraway from US markets.
(Except for the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)
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