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Delisting of Chinese companies, just encouraging listing in other markets = NYSE president

2019-10-04T01:26:17.111Z


[Washington 3rd Reuters]-New York Stock Exchange (NYSE) President Stacy Cunningham said at the meeting of the Securities Industry Association on March 3 that it would protect investors by forcing Chinese companies to be delisted from the US market To


[Washington 3rd Reuters]-New York Stock Exchange (NYSE) President Stacy Cunningham said at the meeting of the Securities Industry Association on March 3 that it would protect investors by forcing Chinese companies to be delisted from the US market The idea was that it would only lead to listing in other markets.

“It's not just US investor protection, it ’s just going to increase listings in other markets. Big companies like Alibaba <BABA.N> wo n’t be able to come to the US in the future,” he said. “We are not just driving out of the market, but lobbying to solve problems,” he said.

In the market last Friday, several officials reported that the US Trump administration is considering delisting Chinese stocks listed on the US stock exchange. In the background, as part of measures to limit investment in Chinese companies from the United States, security concerns are intensifying in the movement of Chinese companies.

Navarro's aide was denied reports. Several media outlets, including Reuters, also confirmed “Fake News”.

In June this year, the US bipartisan group submitted a bill to Congress that required listed Chinese companies to receive supervision by US authorities. If the bill is enacted, financial information will need to be disclosed, and companies that do not meet the requirements will be delisted.

Source: asahi

All news articles on 2019-10-04

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