U.S. lawmakers urge the SEC to delist Alibaba and other Chinese companies from the U.S. stock market
Leaders of two committees in the U.S. Congress are urging the SEC to remove Chinese firms like Alibaba from the list, as they believe these companies pose a threat to U.S. national security.
Republican Chairman of the House China Affairs Committee John Moolenaar and Republican Chairman of the Senate Aging Committee Rick Scott sent a letter on Friday to SEC Chairman Paul Atkins, requesting the agency take action against 25 Chinese groups listed on U.S. exchanges.
The targets also include search engine Baidu, online retail platform JD.com, and popular social media platform Weibo.
