From Yahoo Finance: 2025-05-21 10:20:00

Republican financial officers from 21 states have urged SEC Chair Paul Atkins to consider delisting Chinese companies on U.S. stock exchanges due to concerns about investor protection. Notable Chinese stocks like Alibaba, Baidu, and Tencent are under scrutiny for potential fraud and abuse, according to The Financial Times.

The letter from the officers highlights the risk of Chinese-based U.S.-listed companies violating securities laws, potentially harming American investors. The call for action comes amidst growing concerns about the disclosure and auditing practices of Chinese companies on American stock exchanges. The SEC is being urged to address these issues promptly.

The Financial Times report underscores the challenges faced by Chinese companies listed on U.S. stock exchanges, with concerns about fraud and abuse being raised by Republican financial officers from various states. The potential delisting of Chinese stocks like JD.com and NetEase could have significant implications for U.S. investors.

Read more: Republicans ask SEC to consider delisting Chinese companies, FT reports