Trump Taps Former DHS Official Troy Edgar for U.S. Ambassador Role in El Salvador 
Supporters Gather Ahead of Verdict in Jimmy Lai’s Landmark Hong Kong National Security Trial 
U.S. Suspends UK Technology Deal Amid Trade Disputes Under Trump Administration 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide 
Blackstone Leads $400 Million Funding Round in Cyera at $9 Billion Valuation 
Ford Takes $19.5 Billion Charge as EV Strategy Shifts Toward Hybrids 
U.S. Offers NATO-Style Security Guarantees to Ukraine as Peace Talks Show Progress 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
EU Signals Major Shift on 2035 Combustion Engine Ban Amid Auto Industry Pressure 
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit 
Shell M&A Chief Exits After BP Takeover Proposal Rejected 
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation 
European Leaders Tie Ukraine Territorial Decisions to Strong Security Guarantees 
Sydney Bondi Beach Terror Attack Kills 16, Sparks Gun Law and Security Debate 
FAA Unveils Flight Plan 2026 to Strengthen Aviation Safety and Workforce Development 
Pakistan’s Army Chief Faces Gaza Troop Dilemma Amid US Pressure 
Two Republican lawmakers have called on the U.S. Securities and Exchange Commission (SEC) to delist several Chinese companies from American stock exchanges, citing national security concerns. According to the Financial Times, House China Committee Chair John Moolenaar and Senate Aging Committee Chair Rick Scott sent a letter to SEC Chair Paul Atkins, urging action against 25 Chinese firms, including Alibaba (NYSE:BABA), Baidu (NASDAQ:BIDU), JD.com, and Weibo (NASDAQ:WB).
The lawmakers argue these companies are linked to China’s military and benefit from U.S. investor capital while allegedly supporting the strategic goals of the Chinese Communist Party, including military modernization and human rights violations. They claim that, despite their commercial appearance, the firms ultimately serve state interests and pose risks to American investors.
Moolenaar and Scott emphasized that the SEC has authority under the Holding Foreign Companies Accountable Act to suspend trading and compel delistings if firms fail to comply with U.S. audit regulations or present national security threats.
The request comes amid renewed tensions in U.S.-China relations, including the ongoing trade war and scrutiny of Chinese tech firms. Over 100 Chinese companies are currently listed on U.S. exchanges, representing a combined market capitalization of approximately $1 trillion. The potential delisting of major players like Alibaba and Baidu could significantly impact global markets and investor confidence.
As of now, the SEC and the companies mentioned have not responded to requests for comment. Meanwhile, Beijing has indicated it is evaluating Washington’s offer to resume trade talks, possibly signaling a de-escalation in trade hostilities.
This development raises fresh concerns among investors over the future of Chinese stocks in the U.S. and underscores growing bipartisan pressure to address perceived security risks tied to Chinese tech giants.
