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European stocks mostly rose on Monday, August 17th, after most major indices closed lower last week, with only the German DAX index hitting a record high. The Stoxx Europe 600 index rose 0.2%, led by technology and pharmaceutical stocks. SpaceX supplier STMicroelectronics rose 3%, while ASML and its smaller competitor ASM International rose 2.35% and 2.7% respectively. Dutch pharmaceutical company Argenx led the gains, rising approximately 7.7%, after reporting positive clinical trial results. The German DAX and the UK FTSE 100 indices rose 0.02% and 0.3% respectively, while the French CAC 40 index fell 0.1%.On August 17, Foreign Ministry Spokesperson Lin Jian held a regular press conference. In response to a question about the Indonesian earthquake, Lin Jian stated that, to his knowledge, some Chinese citizens were injured in the earthquake. The Chinese Consulate General in Denpasar has activated its consular protection emergency mechanism to provide assistance to those injured in the earthquake.Iranian Foreign Ministry spokesman Bagaei: As everyone has seen, Iran now possesses the firm will to defend its sovereignty and dignity, thanks to the perseverance and resistance it has accumulated over the past decades.Iranian Foreign Ministry spokesman Bagaei: We maintain continuous contact with Qatar, which plays an important role in the current efforts to ease tensions.On August 17, Foreign Ministry Spokesperson Lin Jian held a regular press conference. A reporter asked: It has been reported that a 7.7-magnitude earthquake struck Indonesia on August 15, killing at least dozens of people. What is Chinas comment on this? Will China provide assistance to Indonesia? Lin Jian stated that China is concerned about the earthquake disaster in Indonesia. We express our deepest condolences to the victims and our sincere sympathies to their families and the injured. China is willing to provide active assistance according to Indonesias needs.

More Than 80 Companies, Including China's JD.com, Added in U.S. SEC List, At Risk of Delisting

Haiden Holmes

May 05, 2022 10:16

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The Securities and Exchange Commission of the United States added over 80 corporations to its list of organizations facing probable expulsion from American exchanges, including China's JD.com, Pinduoduo (NASDAQ:PDD) Inc, Bilibili (NASDAQ:BILI) Inc, and NetEase (NASDAQ:NTES) Inc.


The SEC enlarged the list on Wednesday, including Chinese businesses listed in the United States, as part of a preliminary lineup under a 2020 law known as The Holding Foreign Companies Accountable Act.


The act, which was signed into law by then-President Donald Trump, seeks to bar foreign-jurisdiction corporations from US stock exchanges if they fail to adhere to American auditing standards for three consecutive years.


Among the other significant Chinese companies added to the SEC's list were JinkoSolar Holding Co Ltd (NYSE:JKS), NIO Inc, and China Petroleum (NYSE:SNP) & Chemical Corp.


According to Reuters, Chinese regulators last month requested that some of the country's US-listed companies, including Alibaba (NYSE:BABA), Baidu (NASDAQ:BIDU), and JD.com, submit additional audit disclosures.


China also proposed revising confidentiality rules for offshore listings in early April, removing a legal impediment to Sino-US audit cooperation and putting the onus on Chinese firms to protect state secrets.


The development comes after a US watchdog stated in March that it was continuing to engage with Chinese regulators on access to their auditors' records, but it remained unclear whether the Chinese government would allow the access necessary by a new US listing law.

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