Article 5B5HN Congress passes measures to stop China 'exploiting' US stock exchanges

Congress passes measures to stop China 'exploiting' US stock exchanges

by
Reuters
from World news | The Guardian on (#5B5HN)

Bill could exclude big companies such as Alibaba from markets, as US also widens ban on cotton imports from Xinjiang

The US House of Representatives has passed a law to kick Chinese companies off American stock exchanges unless they fully comply with the country's auditing rules, giving President Donald Trump one more tool to threaten Beijing with before leaving office.

The measure passed the House by unanimous voice vote, after passing the Senate unanimously in May, sending it to Trump, who the White House said is expected to sign it into law.

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