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SEC announces Chinese companies unable to go public in the U.S. without risk disclosure

Chinese companies will be unable to go public in the U.S.unless they make new risk disclosures, according to a statement released Friday morning from SEC chair Gary Gensler.

Why it matters: Chinese companies, and tech startups in particular, are already under growing pressure from their own government. Now they're also getting squeezed by U.S. officials.

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