Trading floor of the New York Stock Exchange Credit: Bart Sadowski, Shutterstock
With tensions between the United States and China heating up over the global pandemic, the White House and Congress have recently taken steps that would make it more difficult for Americans to invest in China’s publicly traded companies.
On Wednesday, the United States Senate unanimously passed legislation that would force the delisting of Chinese firms on U.S. exchanges, unless China increases cooperation with U.S. regulators and makes audit documents available. The House has yet to schedule a vote on a similar bill introduced after the Senate measure passed.
And just over a week earlier, under pressure from the Trump Administration, the Federal Retirement Thrift Investment Board, which manages a $600 billion federal retirement fund, said that it would delay plans to shift money into buying shares of Chinese stocks listed in mainland China.
Advocates of delisting Chinese stocks trading in the U.S. say the proposed legislation would protect American investors, an
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
Why is one of Taiwan's largest media groups — Want Want China Times Media Group — spreading anti-U.S. rhetoric? Largely because its billionaire owner, Tsai Eng-meng, is known to sympathize with the Chinese Communist Party and favors unification with the mainland. Now, with Taiwan gearing up for a critical presidential election, Want Want’s efforts are picking up and helping to normalize CCP talking points.
A look at ZPMC: how it came to dominate ports around the world; its role in Chinese foreign policy; and the consequences of its links to the Chinese state.
The author and academic talks about how trade has actually changed over the last 40 years; why China's rise is linked to Asia's regionalization; and why international supply chains are efficient and resilient.