NEW YORK—The U.S. Securities and Exchange Commission on Friday added Alibaba Group Holding to a list of Chinese companies at risk of being delisted from the U.S. exchanges if their auditors can’t be inspected before spring 2024.
Under the Holding Foreign Companies Accountable Act of 2020—which took effect in 2021—the U.S. can ban the trading of securities of companies whose auditors can’t be inspected by the American audit watchdog for three consecutive years.
Source: https://www.wsj.com/articles/sec-adds-alibaba-to-list-of-chinese-companies-facing-delisting-11659130698?siteid=yhoof2&yptr=yahoo