FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 6, 2019. REUTERS/Brendan McDermid/File Photo
(Reuters) – The United States does not currently plan to stop Chinese companies from listing 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 considering delisting Chinese companies from U.S. stock exchanges in a move that would be part of a broader effort to limit U.S. investment in Chinese companies.
The Treasury did not immediately respond to a Reuters request for comment.
(This story has been refiled to add dropped ‘not’ in first paragraph)
Reporting by Sathvik N in Bengaluru; Editing by Dan Grebler