The United States Senate has approved a bill that could lead to the exclusion of securities of Chinese companies trading on US stock exchanges. This can affect such major Chinese companies like Alibaba Group Holding Ltd. and Baidu Inc, according to Bloomberg on may 20.
The bill says that the company should confirm the oversight Board of accounting of the USAthat is not under the control of a foreign government. If the firm is not able to confirm this fact, the securities of the company will be barred from the exchanges.
The bill was approved unanimously and affects all foreign companies that operate in the United States.
After that, shares of some large Chinese companies registered in the United States, have dropped significantly.
14 may the US President, Donald trump has admittedthat Washington can stop relations with China due to the role of Beijing in the beginning of the pandemic coronavirus.
In addition, trump said, the U.S. is considering the option of receiving financial compensation from China for the role played by Beijing in the beginning of the pandemic coronavirus.
Trump and the Republican party have repeatedly accused the China that he had not warned the world about the seriousness of the epidemic, and Beijing had threatened serious consequences. According to trump, USA several occasions with a request to Chinese authorities to let in the country American experts to investigate the outbreak of a new coronavirus.