The US Treasury Secretary, Steven Mnuchin, assured this Monday that Chinese companies, and those of other countries, that do not comply with the accounting standards and norms of their US counterparts will be excluded from the stock market, reports the agency Reuters.
In a briefing at the White House, Mnuchin said the measure was recommended to the US Securities and Exchange Commission and expects it to be adopted “by the end of next year.” “Everyone has to comply with the same exact accounting,” he stressed.
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