Chinese Companies Face Tighter Audit Access Scrutiny in Congress

Some House lawmakers want to tighten scrutiny over Chinese corporations even further, pushing legislation that would put their New York listings at risk after just one year.

Chinese companies listed on US exchanges could face trading bars if Washington regulators can’t check the work of their auditors year after year, under a bipartisan bill introduced this week. The measure would further pressure Beijing to continue granting the Public Company Accounting Oversight Board access to Chinese audit staff and documents.

Companies with ties to the Chinese Communist Party “must meet the highest level of standards” if they are to remain listed ...