According to Fox News correspondent Charles Gasparino, the Trump administration is preparing to take steps towards the possible delisting of Chinese public companies from US stock exchanges. According to sources, the new SEC (Securities and Exchange Commission) chairman Paul Atkins, who is expected to take office, will make this issue a priority on his agenda after officially taking office. While the possibility of delisting is being evaluated in the shadow of the ongoing trade war with China, it is stated that there is an increasing appetite in the Republican Party's Congressional wing to remove Chinese companies from the US markets. Related News: Grayscale, Managing Billion Dollars, Said "Tariffs Will Benefit Bitcoin", Explained The Reason U.S. law allows Chinese companies to be delisted from stock exchanges if they fail to open their financial records to inspection and disclose their ties to the Chinese government in a transparent manner. One issue that has particularly caught the attention of lawmakers is the so-called “golden shares,” which give the Chinese government direct control over publicly traded companies. These shares have been criticized for increasing the influence of the Chinese state in the management of companies. *This is not investment advice. Continue Reading: Rumors Are Spreading About The Next Big US Move In The US-China Trade War – Here’s The Leaked Information
