BEIJING - China warned on Monday of instability in international markets from any"decoupling" of China and the United States, after sources said the Trump administration was considering delisting Chinese companies from US stock exchanges.
It would be part of a broader effort to limit US investment in Chinese companies, two of the sources said. Chinese Foreign Ministry spokesman Geng Shuang said he had noted the reports on delisting and the response from the US Treasury, which said there were no plans to block Chinese listings"at this time"."Exerting maximum pressure and even seeking the forced decoupling of China-US relations will harm the interests of Chinese and American companies and people, create turmoil in financial markets, and endanger global trade and economic growth," he added.
In June, US lawmakers from both parties introduced a Bill to force Chinese companies listed on American stock exchanges to submit to regulatory oversight, including providing access to audits, or face delisting.
Source: News Formal (newsformal.com)
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