The delisting of Chinese companies from U.S. stock exchanges was part of a broader effort to limit U.S. investment in Chinese companies, two sources briefed on the matter told Reuters.
“While China runs a current account surplus and is a net creditor nation, Chinese companies are net debtors and rely on foreign capital,” Koji Fukaya, president of Office Fukaya Consulting. Still, with trade talks between the United States and China expected to be held Oct. 10-11, many market players are hoping such drastic measures on capital markets will be avoided.
Source: Financial Digest (financialdigest.net)
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