Home News U.S. Treasury says no plans to block Chinese listings ‘at this time’: Bloomberg

U.S. Treasury says no plans to block Chinese listings ‘at this time’: Bloomberg

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FILE PHOTO: Traders work on the ground on the New York Stock Exchange (NYSE) in New York, U.S., August 6, 2019. REUTERS/Brendan McDermid/File Photo

(Reuters) – The United States doesn’t at the moment plan to cease Chinese corporations from itemizing 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 bloom.bg/2obHkDb Treasury spokeswoman Monica Crowley as saying.

Reuters reported on Friday that President Donald Trump’s administration is contemplating delisting Chinese corporations from U.S. inventory exchanges in a transfer that might be a part of a broader effort to restrict U.S. funding in Chinese corporations.

The Treasury didn’t instantly reply to a Reuters request for remark.

(This story has been refiled to add dropped ‘not’ in first paragraph)

Reporting by Sathvik N in Bengaluru; Editing by Dan Grebler

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