No plans to block Chinese listings: US Treasury

The United States does currently plan to stop Chinese companies from listing on U.S. exchanges, Bloomberg reported on Saturday. Photo/Reuters

The United States does currently plan to stop Chinese companies from listing on U.S. exchanges, Bloomberg reported on Saturday, citing a U.S. Treasury official.

"The administration is not contemplating blocking Chinese companies from listing shares on U.S. stock exchanges at this time," Bloomberg quoted Treasury spokeswoman Monica Crowley as saying.

Reuters reported on Friday that President Donald Trump's administration is considering delisting Chinese companies from U.S. stock exchanges in a move that would be part of a broader effort to limit U.S. investment in Chinese companies.

The Treasury did not immediately respond to a Reuters request for comment.

Deccan Herald is on WhatsApp Channels| Join now for Breaking News & Editor's Picks