U.S. lawmakers are pushing the Securities and Exchange Commission (SEC) to remove Alibaba and other Chinese companies from U.S. stock markets. They believe these firms pose a threat to national security because of their connections to China’s government. This call to action has raised concerns among investors about the future of Chinese businesses in the U.S.
The request comes from two Republican lawmakers, John Moolenaar and Rick Scott. They listed 25 Chinese companies, including big names like Alibaba, Baidu, JD.com, and Weibo. The lawmakers say these companies help China’s military and are involved in activities that harm human rights. They want the SEC to take strong steps to stop these firms from trading in the U.S.
This move is part of a larger effort to protect U.S. interests. Lawmakers are worried that Chinese companies are using American markets to fund projects that go against U.S. values. The Holding Foreign Companies Accountable Act, passed earlier, also warned about such risks and set rules to monitor foreign firms more closely.
The lawmakers have asked SEC Chair Paul Atkins to use his authority to act quickly. They want trading halted and the companies removed from U.S. exchanges. This pressure shows growing tension between the U.S. and China, as both sides navigate trade and security issues.
Meanwhile, China is considering a U.S. proposal to restart trade talks. This could be a sign that both countries want to ease some of the economic strain. However, the push to delist Chinese companies highlights the challenges in balancing business ties with national security concerns.
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