Bill to delist Chinese stocks moving at 'warp speed' as a crackdown gains bipartisan support

A bill that could force Chinese companies to give up their listings on American stock exchanges is now moving at "warp speed" in Congress, one analyst says.

Rep. Brad Sherman, a California Democrat on the House Financial Services Committee, announced Wednesday evening a companion bill in his chamber. "We believe there will be a significant push for the legislation to be taken up in the coming weeks, and we believe it is only a matter of time before this bill is signed into law," Mills wrote.

Why were they ever allowed to be listed on the US exchanges when they don't comply with the standard accounting practices all other companies must adhere to? Who allowed that to happen?

Guess the Chinese will now push to bolster their own capital markets. With a 1.4 billion population and 900 million of middle class, plenty of capital to go around.

Lost confidence and become paranoid, Americans!

Wonder what happens to baba stock

Dont people realize this doesn’t matter? China will “repatriate” Hong Kong entirely and immediately relist these companies on their own exchange while the world says nothing AGAIN about its blatant violation of the Sino-British Joint Declaration DiMartinoBooth

Other stock exchanges outside is sure hoping USA will shoot their own foot. SP500

Tread lightly we need China and they need us...were to intertwined with each other..american business is in china and chinese business is in america..good luck you congressional idiots are gonna need it

Free markets, what a joke.

lol we're actually going to see numbers that are audited lol

Warp speed and bi-partisan. 🤨

this is ridiculous. If trump didn't want to honor his trade deal , he's out.. 25th Amendment, Its not even about economics!!! He can run his campaign in Iran, see how they like him. To Delist the Chinese right now is brainless panic move of masochism that effects US long term

Can’t see this ending well

cool, then China can do the same to American stocks, bye bye $AAPL Apple.

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Senate passes bill on oversight of Chinese companies, Alibaba shares move lowerTime to do it !! Remember luckin coffee debacle and fraud they did . Good job ! China will retaliate tonight, NASDAQ will get destroyed tomorrow.
La source: CNBC - 🏆 12. / 72 Lire la suite »

As U.S.-China tensions over coronavirus grow, Senate passes bill that hits at Chinese-owned companiesThe measure, approved by unanimous consent, would bar companies under foreign government control from appearing on U.S. stock exchanges. The problem we have been noticing concerning COVID-19 is not the virus ironically, but the disinformation of its origins & affects, since scientists and medical scholars are in bed with the elected misrepresentitives who are known liars, the public rather rely on probability In the past decades, China is targeted as both an potential enemy and ally of U.S. but it's all just the appearance. In reality these two countries are very close to each other, their next generation leaders are the same group of people, playing both sides to control the world. Hopefully, China will retaliate by striking back at realDonaldTrump's and Ivanka's companies, which would reduce the problem of grossly underpaid workers and child labor in China.
La source: Newsweek - 🏆 468. / 52 Lire la suite »

Chinese Companies Could Be Forced to Give Up U.S. Listings Under Senate BillChinese companies could be forced to give up their listings on American stock exchanges under legislation approved unanimously by the Senate, aimed at addressing longstanding investor-protection concerns. Is he dead?...he sure looks it. Ahhh yes indeed This is one of the many reasons Trump will be sending love letters to China again soon.
La source: WSJ - 🏆 98. / 63 Lire la suite »