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US Treasury Denies It Plans To Block Chinese Listings On US Exchanges
One day after it rocked markets with a report that the US Treasury was preparing to impose quasi capital controls on China, by limiting US investors portfolio flows into China and limiting the listing of Chinese corporations on US exchanges, news which sent the S&P sharply lower and hammered US-listed Chinese companies such as Alibaba and Baidu, Bloomberg is now refuting its own scoop with a report that a U.S. Treasury official said there are no current plans to stop Chinese companies from listing on U.S. exchanges. “The administration is not contemplating blocking Chinese companies from listing shares on U.S. ... (full story)
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