Just a day after reports surfaced of U.S. administrators considering delisting some Chinese firms from U.S. stock exchanges, a U.S. Treasury official said that there are no such plans currently.
Citing people familiar with and the matter, a Bloomberg report indicated on Friday that U.S. President Donald Trump’s administration is pondering ways to limit U.S. investors’ portfolio flows to China, including delisting of Chinese companies from U.S. stock exchanges, putting a lid on Americans’ government pension funds exposure to China, and capping the Chinese companies included in stock indexes managed by U.S. firms.
Responding to the same, Treasury spokeswoman Monica Crowley said that the administration is not planning on blocking Chinese companies from listing shares on U.S. stock exchanges at this time.
According to Bloomberg’s Friday report (citing people familiar with the matter), administration officials for weeks have been considering their options, and Treasury has been participating in inter-agency meetings chaired by Larry Kudlow, the National Economic Council director.