NEW YORK—The U.S. Securities and Change Fee on Friday added Alibaba Group Holding to a listing of Chinese language corporations at risk of being delisted from the U.S. exchanges if their auditors can’t be inspected earlier than spring 2024.
Below the Holding International Corporations Accountable Act of 2020—which took impact in 2021—the U.S. can ban the trading of securities of corporations whose auditors can’t be inspected by the American audit watchdog for 3 consecutive years.
