INSUBCONTINENT EXCLUSIVE:
The Trump administration is considering delisting Chinese firms from U.S
stock exchanges, according a Bloomberg report on Friday, sending shares of those companies sharply lower.
Exact mechanisms for how to delist
the companies were yet to be worked out and any plan is subject to approval by President Donald Trump, who has given the green light to the
discussion, Bloomberg reported, citing a person close to the deliberations.
Shares of Alibaba Group Holding, JD.com, Pinduoduo, Baidu,
Vipshop Holdings, Baozun and IQIYI fell between 2% to 4% in afternoon trading.
White House officials are also discussing ways to limit U.S
portfolio flows into China, Reuters reported, citing a U.S
government official.
Trade talks between the United States and China are set to resume on Oct
10 in Washington, CNBC reported on Thursday, citing three people close to the talks.
White House was not immediately available for a