WASHINGTON ¨C U.S. Secretary of State Mike Pompeo on Thursday warned American investors against fraudulent accounting practices at China-based companies and said the Nasdaq¡¯s recent decision to tighten listing rules for such players should be ¡°a model¡± for all other exchanges around the world.
His remarks on the issue illustrate the Trump administration¡¯s desire to make it harder for some Chinese companies to trade on exchanges outside of China.
President Donald Trump issued a memorandum on Thursday calling for recommendations to be issued within 60 days to protect U.S. investors from what he said was China¡¯s failure to allow audits of U.S.-listed Chinese companies.
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