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