US lawmakers urge SEC to delist Alibaba and Chinese companies

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The leaders of the two Congress panels have called on the Securities and Exchange Committee to the Chinese groups, including Alibab, who say they are at risk of military ties.

John Mulenar, Republican Chair of China and Rick Scott, Republican Chair of Senate Committee Thread On Friday, President Paul Atkins take measures against 25 Chinese groups listed on American stock exchanges.

Targets include search engine baidu, online retail platform JD.com and Weibban Popular Social Media Platform.

“These entities benefit from the capital of American investors, to advance the strategic goals of the Chinese Communist Party.. the letterwhich has been purchased for financial times. “They are also unacceptable for American investors.”

Moleenasar and Scott said that how much Chinese groups were on the surface, they “eventually surprised with the state purposes,” which Beijing was so ordered with the Chinese military civil case.

Pushing marks the most recent The US is a hard effort : Reduce American capital, technology and experience to modernize his military.

Both countries are also included in a Commercial War It escalated the tension between Washington and Beijing. On Thursday, the CIA also released Chinese videos designed to help them Talk to more spies Inside China.

Moolenaar and Scott noted that the amount of CCP control over Chinese companies is “systematically hidden from US investors”, and that the Chinese law created the “unpredictable risk for US investors, which cannot easily dislocate.” They added that many of the companies quoted in their letter are “simply opaque,” but “actively integrated into the Chinese military and control apparatus.”

They say that the SEC had a use and authority in foreign companies, “stop trade and imposing, suspending or canceling the securities of Chinese companies.”

“SEC can – and must work,” Moolenaar and Scott wrote.

Targets include pony AI, which makes autonomous driving technology, and Hesse, a group of laser sensors, has laid a list of alleged military ties, which denied the company.

These include Tencent Music, streaming platform that belongs to Tencent Holdings, which has already been installed on the Pentagon’s black list. Another group is Daqo New Energy Corp.

The legislators say that the groups were simply a subset of Chinese companies that “used US capital, visited the genocidal dictatorship and our original geographical rival.”

As of March 2012, there were 286 Chinese companies, according to the US-China’s Economic and Security Review Committee, established by Congress to study the security of the US-China trade and economic relations.

This step comes, as some investors in the United States fear that the US-China trade war can turn into the capital.

“This multifunctional US investor, which has been attracted to our main opponent in these many years, will now be gradually falling close, very similar to China’s rude inefficient trade commission, who is currently holding its own advice.

Last month, Atkins, who drove as a second chair, has not yet announced the steps focused on China. His predecessor, Gary Gensler, raised the study of securities related to Beijing.

Confirmation of how Chinese groups correspond to US standards, Atkins said:

In addition to pushing Action on Chinese companies in the United States, China’s Panel has increased the examination of US financial groups that work or invest in military ties.

FT has requested a comment from each of the companies.

The Chinese Embassy in Washington said that Beijing opposed the United States “National Security Concept”, using national devices and long-term jurisdiction to reduce Chinese companies.

“We are against trade and technological issues on the turn of the political weapons,” said the Embassy Speaker Liu Pengu.

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