Chinese Companies Could Be Forced to Give Up U.S. Listings Under Senate Bill – USA DAILY NEWS

Chinese Companies Could Be Forced to Give Up U.S. Listings Under Senate Bill

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WASHINGTON—Chinese companies could be forced to give up their listings on American stock exchanges under legislation approved by the Senate on Wednesday.

The bill, which was passed unanimously, addresses investor-protection concerns that have lingered for years but gained political traction as tension between the U.S. and China grew. Chinese companies such as Alibaba Group Holding Ltd. and Baidu Inc. have together raised tens of billions of dollars through listings on U.S. exchanges.