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White House weighs blocking Chinese companies from US exchanges

China hawks within the US administration have discussed tighter restrictions on listed Chinese companies for months

The effect of limiting Chinese firms from raising capital inside the US could be significant, as 156 Chinese companies were listed on American exchanges with a total market cap of $1.2 trillion at the start of the year 	photo: reuters
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The effect of limiting Chinese firms from raising capital inside the US could be significant, as 156 Chinese companies were listed on American exchanges with a total market cap of $1.2 trillion at the start of the year | Photo: Reuters

NYT Washington
The Trump administration is discussing whether to block Chinese companies from listing shares on American stock exchanges, the latest push to try to sever economic ties between the United States and China, according to people familiar with the deliberations.

The internal discussions are in their early stages and no decision is imminent, these people cautioned.

The talks come as senior officials from both countries are scheduled to resume trade negotiations in Washington early next month. 

President Trump, who has continued to give mixed signals about the prospect of a trade deal with China, said earlier this week that an agreement could come “sooner

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First Published: Sep 29 2019 | 1:08 AM IST

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