The Holding Foreign Companies Accountable Act passed by the United States on the grounds of protecting investors, baldly exposes the politicization of US securities regulation and severely violates the market-oriented operation principles of the US securities market. The use of such obscure concepts as “governmental entity”, “controlling financial interests” is contrary to the basic legislative rule of the certainty of law. The Act embodies the American concept of security promoted by the United States in the international community. In this regard, China should deal with the problem rationally and actively, and take both internal and external measures. While promoting cross-border securities supervision cooperation between China and the United States, China should also improve and strengthen information disclosure and investor protection mechanism. Chinese concept stock companies shall be prepared to disclose relevant content in accordance with the requirements of the US securities regulators, and also make preparation for their return to A-share or secondary listing in Hong Kong.