U.S. Treasury says no plans to block Chinese listings ‘at this time’: Bloomberg

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The United States does not currently plan to stop Chinese companies from listing on U.S. exchanges, Bloomberg reported on Saturday, citing a U.S. Treasury official.

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FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 6, 2019. REUTERS/Brendan McDermid/File Photo

(Reuters) – The United States does not currently plan to stop Chinese companies from listing on U.S. exchanges, Bloomberg reported on Saturday, citing a U.S. Treasury official.

“The administration is not contemplating blocking Chinese companies from listing shares on U.S. stock exchanges at this time,” Bloomberg quoted bloom.bg/2obHkDb Treasury spokeswoman Monica Crowley as saying.

Reuters reported on Friday that President Donald Trump’s administration is considering delisting Chinese companies from U.S. stock exchanges in a move that would be part of a broader effort to limit U.S. investment in Chinese companies.

The Treasury did not immediately respond to a Reuters request for comment.

(This story has been refiled to add dropped ‘not’ in first paragraph)

Reporting by Sathvik N in Bengaluru; Editing by Dan Grebler


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Author:

The United States does not currently plan to stop Chinese companies from listing on U.S. exchanges, Bloomberg reported on Saturday, citing a U.S. Treasury official.

Source: {authorlink}

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