White House moves toward delisting Chinese companies on U.S. exchanges, FBN says

The Trump administration is proceeding toward a possible delisting of Chinese public company shares on U.S. exchanges, Fox Business Network’s Charles Gasparino reports, citing sources. Incoming SEC chair Paul Atkins will likely oversee the delisting issue when he officially assumes office, the author says, noting that such a move would come amid a trade war with China but also amid a growing GOP congressional appetite to delist Chinese companies. Chinese companies that publicly trade in the U.S. include Alibaba (BABA), Yum China (YUMC), Tencent (TCEHY), NetEase (NTES), PDD (PDD), Nio (NIO), Baidu (BIDU), and JD.com (JD).