(WASHINGTON) U.S. V China Trade Debate Report: Chinas FM has voiced opposition to Donald Trumps signing into law a piece of ‘ legislation ‘ which will prevent normal listing of Chinese Investment Comp anies in the U.S. according to Xinhua News Agency #AceFinanceDesk report

#AceFinanceReport – Dec.21: The Holding Foreign Companies Accountable Act, recently passed by the U.S. House of Representatives, demands additional information disclosure from foreign public companies in the U.S. market, including the requirement that foreign issuers of securities establish that they are not owned or controlled by a foreign government: ” This was nothing but an unreasonable political crackdown on Chinese companies listed in the United States,” Wang said at a press briefing:

China slams U.S. signature of bill barring Chinese firms from U.S. stock market Xinhua.Com/

139607826_16085532423301n.jpgPedestrians walk past the New York Stock Exchange in New York, the United States, Nov. 9, 2020. (Xinhua/Wang Ying)

Noting that the move has severely distorted the basic principles of market economy the U.S. always claims to champion, he said it would deprive U.S. investors and the U.S. public of benefiting from the development of Chinese companies, weaken global investors’ confidence in the U.S. capital market, and eventually damage the international status and reputation of the U.S. capital market: ” We urged the United States not to implement the discriminatory provisions in the law that involve China, and to cease the erroneous practice of politicizing securities supervision,” Wang said: He called on the U.S. side to promote audit and regulatory cooperation jointly with the Chinese regulatory authorities on the basis of mutual respect, and to provide a fair, just and non-discriminatory regulatory environment for companies from various countries including China to be listed in the United States:

#AceFinanceDesk report …………………..Published: Dec.21: 2020:

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