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US delist threat against Alibaba 'to further damage the international status of US capital market'

2022-07-31 10:33:44       source:Global Times

July 30, 2022

The US securities regulator's latest move to put Alibaba Group and three other US-listed Chinese companies to the list of companies that could face delisting is a politically oriented threat that will cause a chilling effect on firms from other countries and regions and will further damage the international status of the US capital market, a Chinese expert said on Saturday.

The US Securities and Exchange Commission (SEC) on Friday added the largest US-listed Chinese company Alibaba and three other Chinese companies to a growing list of firms that face removal, The Wall Street Journal reported.

At this point, a total of 159 out of more than 260 Chinese companies listed in the US market have been put on the list by the US SEC, according to Chinese news outlet ce.cn.

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