White House economic advisor Peter Navarro dismissed the idea as well in an earlier CNBC interview, saying that reports suggesting that might happen are "fake news." Chinese Foreign Ministry spokesman Greg Shuang also told reporters Monday that any delisting moves "will harm the interests of Chinese and American companies and people, create turmoil in financial markets, and endanger global trade and economic growth," according to Reuters.
The U.S. Treasury assistant secretary for public affairs said in a statement over the weekend that "the administration is not contemplating blocking Chinese companies from listing shares on U.S. stock exchanges at this time. We welcome investment in the United States." The U.S. government added Huawei to the Entity List in May, meaning American companies could no longer do business with the Chinese manufacturer. McConnell said they were "concerned about Huawei" but that the U.S. had to balance that with our commercial interests."
"We don't want to make it more difficult for American companies to do business in China and for Chinese companies to do business here, but these national security implications are important," he said.
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SquawkAlley Yeah but they shit their pants so good enough.
Did anyone tell him his Dear Leader said it was okay?
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Delisting Chinese stocks in the US could have a 'far-reaching impact'Possible U.S. curbs on investing in Chinese companies would have limited impact on China, but American firms may be disadvantaged, analysts say. Empty threats . No it will not scare tactics You could make the sane argument for breaking Iran deal. It’s a short term pain vs long term gain
Source: CNBC - 🏆 12. / 72 Read more »
Kyle Bass says investments in Chinese firms are not safe: 'Imagine what kind of fraud is behind these companies'“Forget about delisting. We should deregister these securities.” Hayman Capital Management founder Kyle Bass says that Chinese companies should have to adhere to U.S. standards to raise money in the U.S. The momentum is building, keep up the good work Kyle. America first should mean don't buy Chinese (except takeaways) commonsense All publicly traded companies in the US should provide full financial transparency, i.e., 10-Q’s, 10-K, 8-K’s on time unless an NT is filed. If that’s too much to ask of public companies selling shares to the public, stay private.
Source: CNBC - 🏆 12. / 72 Read more »
Companies could flock to list in Hong Kong if the US blocks investments in ChinaCompanies could flock to list in Hong Kong or Chinese domestic markets if the U.S. were to restrict investments in China, analysts say. Think we will buy on Hong Kong exchange Monday it’s much cheaper. U.S. Treasury Says No Plans to Block Chinese Listings ‘at This Time’ And this was the start of world war three folks!
Source: CNBC - 🏆 12. / 72 Read more »
Peter Navarro: Reports that US would restrict Chinese companies are 'fake news'White House trade advisor Peter Navarro today said reports that the U.S. is considering restrictions on Chinese companies are inaccurate. Bloomberg News reported last week that the Trump admin. is considering delisting Chinese companies from U.S. markets. Trump doesn’t know WTF he’s doing. He’s made a big mess with this trade war. Farmer & Americans are paying the price. Trump has spent $28B in farmer bailouts. All due to bad policy. Heck Obama’s auto bailout was only $12B and that was after an economic crash. Where r the repubs? So basically Bloomberg is accurate. Market is up!!! What fake news will come up with to bring it down today? cvpayne Varneyco MariaBartiromo JoeSquawk BreitbartNews mitchellvii BillOReilly
Source: CNBC - 🏆 12. / 72 Read more »