US lawmakers urge SEC to delist Alibaba and Chinese companies: Report

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Two Republican lawmakers have urged the US Securities and Exchange Commission to delist Chinese companies, including Alibaba Group, that they say have military links that put US national security at risk, the Financial Times reported on Friday. The chair of the House China committee, John Moolenaar, and the chair of the Senate committee on ageing, Rick Scott, wrote to SEC chair Paul Atkins to take action against 25 Chinese groups, listed on US exchanges, FT said.

“These entities benefit from American investor capital while advancing the strategic…



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US lawmakers urge SEC to delist Alibaba and Chinese companies: Report


Two Republican lawmakers have urged the US Securities and Exchange Commission to delist Chinese companies, including Alibaba Group, that they say have military links that put US national security at risk, the Financial Times reported on Friday. The chair of the House China committee, John Moolenaar, and the chair of the Senate committee on ageing, Rick Scott, wrote to SEC chair Paul Atkins to take action against 25 Chinese groups, listed on US exchanges, FT said.

“These entities benefit from American investor capital while advancing the strategic…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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