Think tank explains why it's 'pointless' to delist Chinese companies from U.S. stock markets [CNBC]
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Source: CNBC
Delisting Chinese companies from U.S. stock exchanges is "a pointless drive" that will neither deny those firms access to American capital markets nor hurt China's growth, according to a report by think tank Peterson Institute for International Economics. U.S.-China relations are the worst they have been in decades and the stock market appeared to be one of the latest fronts where tensions between the two countries are playing out. The Senate in May passed a bill that could ban many Chinese companies from listing shares in the U.S. Last month, President Donald Trump urged regulators to find ways to tighten scrutiny on those firms. But there are several ways that Chinese companies can still get money from American investors, including through the private equity market and Hong Kong's stock market, said the PIIE report written by Nicholas Lardy and Tianlei Huang. "The key point is that the market for capital is global. Shutting out Chinese firms from listing in the United States would
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