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

FILE PHOTO: Merchants work on the ground on the New York Inventory Change (NYSE) in New York, U.S., August 6, 2019. REUTERS/Brendan McDermid/File Picture

(Reuters) – The USA doesn’t presently plan to cease Chinese language corporations from itemizing on U.S. exchanges, Bloomberg reported on Saturday, citing a U.S. Treasury official.

“The administration isn’t considering blocking Chinese language corporations from itemizing shares on U.S. inventory exchanges at the moment,” Bloomberg quoted bloom.bg/2obHkDb Treasury spokeswoman Monica Crowley as saying.

Reuters reported on Friday that President Donald Trump’s administration is contemplating delisting Chinese language corporations from U.S. inventory exchanges in a transfer that might be a part of a broader effort to restrict U.S. funding in Chinese language corporations.

The Treasury didn’t instantly reply to a Reuters request for remark.

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

Reporting by Sathvik N in Bengaluru; Modifying by Dan Grebler

Our Requirements:The Thomson Reuters Belief Rules.

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