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March 30, 2021 Source:  Keith Krach

Capital Markets

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SEC Rules Transparency against PRC

Under Secretary of State, Keith Krach talks of transparency with investments, companies who deal in China

Keith Krach: As a nation, we’re at a crossroads. Time has come to act upon these abuses to protect and defend the quality of U.S. security laws and the reputation of U.S. capital markets. Throughout the world, financial transparency is viewed as a virtue. In the People’s Republic of China, transparency is viewed as a threat to national security, where actions and laws are made to prevent disclosure. We now need to answer as a nation one question and act appropriately. Can we afford to put American shareholders at risk to put American companies at a disadvantage and to allow our preeminence as the gold standard for financial markets to be weakened by granting exceptions to America’s security regulations? That decision is now in our hands.