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McConnell dismisses idea of delisting Chinese companies in the US

September 30, 2019 / Kate Rooney

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.”