US President Donald Trump on Friday ordered a probe into the actions of Chinese companies listed on American financial markets as tensions flared anew between the world's two biggest economies.
"I'm instructing my presidential working group on financial markets to study the differing practices of Chinese companies listed on the US financial markets with the goal of protecting American investors," Trump said, without providing details on what steps his administration might take. As of February 2019, 156 Chinese companies with a market capitalization of $1.2 trillion were listed on US markets, at least 11 of which were state-owned, according to the Congressionally-mandated US-China Economic and Security Review Commission.
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