McConnell dismisses idea of delisting Chinese companies in the US

CNBC | September 30, 2019

Restricting Chinese investment in the U.S. may not be the best playbook for dealing with China, according to Senate Majority Leader Mitch McConnell. The Kentucky Republican played down any benefits of preventing Chinese companies from tapping into U.S. stock markets, and said it would not be in the best interest of the U.S economy. “That could end up hurting us — whatever tactics we use with regard to China need to not be ones that punish us,” McConnell told CNBC’s “Squawk Alley” Monday. “We’re worried about the Chinese and their involvement in this country in some respects, but the Treasury Department made it clear they’re not interested in delisting Chinese companies from U.S. stock exchanges.”

Spotlight

In June 2016, the United Kingdom (UK) voted by a narrow margin in favor of leaving the European Union (EU). Then home secretary Theresa May became prime minister and took on the onerous task of putting together a divorce deal. Brexit was set in motion when the UK formally triggered Article 50 of the Lisbon Treaty on March 29, 2017, to leave the EU and begin negotiations with Brussels. On November 14, 2018, EU and UK negotiators reached a draft withdrawal agreement and outlined a draft political declaration on the future UK-EU relationship once the Brexit transition period ends. EU leaders endorsed that withdrawal agreement on November 25 but the UK Parliament rejected it in January 2019. Since then, the political situation surrounding the exit deal has been unclear and in flux.

Spotlight

In June 2016, the United Kingdom (UK) voted by a narrow margin in favor of leaving the European Union (EU). Then home secretary Theresa May became prime minister and took on the onerous task of putting together a divorce deal. Brexit was set in motion when the UK formally triggered Article 50 of the Lisbon Treaty on March 29, 2017, to leave the EU and begin negotiations with Brussels. On November 14, 2018, EU and UK negotiators reached a draft withdrawal agreement and outlined a draft political declaration on the future UK-EU relationship once the Brexit transition period ends. EU leaders endorsed that withdrawal agreement on November 25 but the UK Parliament rejected it in January 2019. Since then, the political situation surrounding the exit deal has been unclear and in flux.

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Thentia Corporation | June 28, 2022

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Siemens Government Technologies | July 29, 2022

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