Chinese Company Stocks May Face De-Listing On US Exchanges Under Trump Administration Plan – Report

Chinese companies that list on American stock exchanges may be de-listed and American investment in China limited if a drastic plan being discussed by the Trump administration is put into action.

Bloomberg News reported that internal discussions are being held on the issue, but no imminent action is expected. The two countries are locked in a tariff war and have been trying to set up new negotiations on trade reciprocity.

The S&P and the Nasdaq fell on Friday when the story broke. There are 156 companies listed on the three largest US stock exchanges, representing a market cap of $1.2 trillion.

US-listed shares of Alibaba Group Holding Ltd, Baidu Inc and Inc were down between 1.2% and 3.6% on the news.

The US Treasury Department unveiled new regulations last week on how the Read More – Source

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