US-listed Chinese firms must reveal government meddling risk: SEC

US lawmakers are increasing concerned that not enough attention is focused on Chinese company disclosure issues.

Chinese companies listed on United States stock exchanges must disclose the risks of the Chinese government interfering in their businesses as part of their regular reporting obligations, a top US Securities and Exchange Commission (SEC) official said on Monday. Democratic commissioner Allison Lee’s comments are the first by an SEC official since Chinese regulators launched a massive cyber-probe of ride-hailing giant Didi Global last week, just days after its $4.4bn New York listing, wiping 25 percent off its share price. US authorities have cracked down on other US-listed Chinese companies and may require tutoring firms to become non-profits, according to a Bloomberg report that hit shares in the sector, including New York-listed TAL Education Group and Gaotu Techedu Inc.