US considering delisting Chinese firms from it market

Must Read

Jharkhand polls for 81 constituencies from November 30 to December 20; counting on 23rd December

Addressing a press meeting today, Chief Election Commissioner Sunil Arora has announced the poll dates for Jharkhand Legislative assembly....

Congress forms six-member committee of AICC to review situation of NRC in Assam

In a bid to review the condition of Assam state after the implementation of the NRC exercise, Congress party...

Shiv Sena elects Eknath Shinde as party’s legislative leader; Sunil Prabhu appointed as chief whip of party

In a striking breakthrough, Shiv Sena elected senior minister Eknath Shinde as the party's legislative leader today. It has...

United States President Donald Trump has floated the idea of delisting Chinese companies from its stock exchange. The United States has been involved in a trade war with China. The move could be a defining moment in the relationship between the two countries.

According to a report in Reuters, a source said that it could be because of the rising concerns of the Trump Administration about the activities of the companies. Chinese firms have been accused of not allowing any oversight on their activities.

Following the speculation about the news, many stock indices saw a fall in their numbers. It is still not clear how the delisting would work.

US lawmakers in June had introduced a bill bringing the Chinese companies listed in the US stock market under regulatory oversight, which includes audits. China has been concerned about allowing overseas auditors to investigate the firms citing national security concerns.

According to a report in Reuters, Senator Marco Rubio had said, ” Beijing should no longer be allowed to shield U.S.-listed Chinese companies from complying with American laws and regulations for financial transparency and accountability.”

During his speech in the UNGA President Trump had called out China for theft of intellectual property and product dumping. This was after it had blamed the World Trade Organization for the failure to ensure that China would liberalize its market.

This has led the global markets to be in a state of worry. If the delisting takes place a major plunge in the stock market would be expected. It would be a move to exert more pressure on China to create an environment for a deal which could benefit his administration.

(Inputs from agencies)


Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Venice flooded by highest tide in more than 50 years

New Delhi, Nov 14 (IANS) Venice has been hit by its highest tide in more than 50 years, leaving...

Jharkhand: Ex-Maoist to contest from Maoist-infested Tamar

By Nityanand ShuklaRanchi, Nov 14 (IANS) Tamar seat situated on outskirts of Ranchi likely to witness an interesting fight in the forthcoming Jharkhand Assembly...

Taapsee Pannu: Education is solution to all problems

Mumbai, Nov 14 (IANS) Actress Taapsee Pannu believes that education is the solution to all problems.She recently shot for a Karamveer episode for the...

It’s Children’s Day and here’s a peek into the childhood of adorable Bollywood stars

November 14th calls for Children's Day and we can't keep calm. This day, let us all take a ride to the 'bachpan' of our...

Rahane all set to move to DC; RR look to get Markande, Tewatia

By Baidurjo BhoseNew Delhi, Nov 14 (IANS) India's Test deputy Ajinkya Rahane's move to Delhi Capitals is all but done...
- Advertisement -

More Articles Like This