Holding Foreign Companies Accountable Act

Dissecting the Flawed Dissin of No Delisting…of Chinese Companies

The United States (US) Public Companies Accounting Oversight Board (PCAOB), part of the Securities and Exchange Commission, has a variety of duties, one of which is to “inspect registered public accounting firms’ audits and quality control systems.” It had been unable to do this, however, in the case of many US-listed Chinese companies because Beijing would not permit any accounting firms to share Chinese audits.

Executive Director Jean-Marc F. Blanchard Interviewed for FinanceAsia story examining internal struggles at US-listed Chinese firms facing delisting risk

On November 21, 2022, FinanceAsia published a story entitled “US-listed Chinese Firms Wracked by Infighting amid Delisting Threat” that examined the delisting threat facing more than 160 companies listed on United States (US) stock exchanges pursuant to the 2020 Holding Foreign Companies Accountable Act and the unexpected responses of some companies to the threat. Dr. Jean-Marc F. Blanchard, Founding Executive Director of the Mr. & Mrs. S.H.