THE chairmen of two us Congressional committees have urged the Securities and Exchange Commission to delist Chinese groups, including Alibaba, reported London's Financial Times.
Both say they companies have military links that put US national security at risk. John Moolenaar, chairman of the House China committee, and Rick Scott, chairman of the Senate committee on ageing, wrote to SEC chairman Paul Atkins asked his agency to take action against 25 Chinese groups listed on American exchanges.
The targets also include search engine Baidu, online retail platform JD.com and the popular social media platform Weibo.
'These entities benefit from American investor capital while advancing the strategic objectives of the Chinese Communist party?supporting military modernisation and gross human rights violations,' the lawmakers said in the letter. 'They also pose an unacceptable risk to American investors.'
SeaNews Turkey
Both say they companies have military links that put US national security at risk. John Moolenaar, chairman of the House China committee, and Rick Scott, chairman of the Senate committee on ageing, wrote to SEC chairman Paul Atkins asked his agency to take action against 25 Chinese groups listed on American exchanges.
The targets also include search engine Baidu, online retail platform JD.com and the popular social media platform Weibo.
'These entities benefit from American investor capital while advancing the strategic objectives of the Chinese Communist party?supporting military modernisation and gross human rights violations,' the lawmakers said in the letter. 'They also pose an unacceptable risk to American investors.'
SeaNews Turkey
