Slightly misleading title but I think this is a huge jingoistic mistake. Stock listing bring big money to the states and are the best markets for trading in terms of cost, liquidity and derivative access. Moronic move, there is plenty of capital in markets like Hong Kong. https://www.bloomberg.com/news/arti...ll-to-delist-chinese-companies-from-exchanges
There are hundreds of exchanges in this world. If Chinese companies can't be listed in US exchanges, they will probably go to Hong Kong, Singapore, Japan .... exchanges. Then US pension funds and college endowments might invest in these chinese companies through HK, Sgp .... exchanges. So this loop hole has to be plugged. but why US can't ban US pension funds and college endowments from investing in Chinese companies listed in US exchanges?
I don't think big firms such as BABA, BIDU want to delist from USA. It is up to China to change the rule and allow these companies to disclose their financial data to foreign regulatory agencies.
Every Chinese company that did a reverse merger with a shell company already listed on US exchanges is a fraud. There were 300 of them. Watch this, not sure if it is on Netflix, prime or KODI fully loaded. https://en.m.wikipedia.org/wiki/The_China_Hustle
That should be the exchanges responsibility to vet a company before listing. The US shouldn't tell me or a pension fund where/who/what country I can't invest in. I remember all the hullabaloo when Japan was buying real estate in the US and our politicians were freaking out. I forget who said it best but - 'let them, it's great for America and they can't take the land back to Japan'. Here's a case, huge fees, taxes, job creation, income generation and so on - all to go offshore because of the need for a politician to create an enemy to rally against.
On my playlist on Netflix Canada. I’m guessing that trailer is a little dramatic with the music and all haha.
Bill was passed with UNANIMOUS consent. Wow. I don't like the smell of this. It seems U.S and China are headed for a conflict. I hope it's limited to business/technology competition, not military conflict.
as of feb.... Please find linked a complete list of all Chinese companies listed on the NASDAQ, New York Stock Exchange, and NYSE American, the three largest U.S. exchanges. As of February 25, 2019, there were 156 Chinese companies listed on these U.S. exchanges with a total market capitalization of $1.2 trillion.