Washington:
US President Donald Trump is anticipated to sign a bill that could protect against some Chinese providers from listing their shares on US exchanges unless they adhere to US auditing requirements, the White House mentioned on Wednesday.
The bill, which passed the Senate earlier this year and was authorized by the House of Representatives on Wednesday, could hit providers such as Alibaba, tech firm Pinduoduo Inc and oil giant PetroChina Co Ltd.
If signed into law, the measure would give Chinese providers listed on US exchanges 3 years to comply with US auditing guidelines prior to getting removed from US markets.
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