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China says the US bill to delist Chinese companies is “directly targeting China” – ForexLive

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- Hirdetés -

Comments regarding the US’ Holding Foreign Companies Act from the China Securities Regulatory Commission (CSRC) weekend statement

  • the US bill that aims to delist Chinese companies from the US stock exchange is “directly targeting China”
  • is grounded in political rather than professional motives
  • would force Chinese companies to adhere to US securities law and could potentially delist Chinese companies if passed, while some of its content explicitly targets China. 

- Hirdetés -

Another indication of rising US/China strains. As these increase they tend to be a negative input for financial market risk assets (and FX) and supportive of safe haven alternatives. Add it the growing list:

  • coronavirus origin and spread
  • trade
  • tension over new rules from Beijing to be imposed on Hong Kong 
  • Taiwan

Weekend posts:

Comments regarding the US' Holding Foreign Companies Act from the China Securities Regulatory Commission (CSRC) weekend statement

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