A group of Republican lawmakers put pressure on U.S. securities regulators to investigate Chinese companies listed on U.S. exchanges on the grounds that Didi shareholders suffered losses as a result of the investigation initiated by Beijing when the investigation was filed. In the Senate, a bipartisan bill on Huawei technology was developed by Tom Cotton of Arkansas, Rick Scott of Florida, and Dan Sullivan of Alaska.
A Republican senator pressed US Securities and Exchange Commission (SEC) Chairman Gary Gensler (Gary Gensler) to launch “strong” investigations of Chinese companies listed in the United States. The United States, the American financial companies that support its initial public offerings, and the companies that compile stock indexes with Chinese companies as components. The timing of Didi’s investigation was listed in the United States as a U.S. investor in Didi Global.
“The legislator said in a letter to Gensler on Wednesday, adding that the company’s sanctions in China” meant that these dollars could be Direct to the treasury [of the Communist Party of China]. The letter also cited investigations by China’s CAC All-Truck Alliance and Boss Zhipin, highlighting the risks that the Chinese government “is nervous about the power of its own technology companies and strengthened supervision by regulatory agencies. How the arrest of Huawei’s chief financial officer Meng Wanzhou deteriorated China’s relations with the United States and Canada, the company behind the boss Zhipin, and the All-Truck Alliance.
The US Securities and Exchange Commission did not immediately respond to a request for comment. Lawmakers calling for action. Cotton and many other U.S. lawmakers, including the Democratic Party, have made the fight with China a legislative priority. This reflects the growing tension between the two countries on multiple fronts, from financial relations to territorial claims. Even if both parties are involved in diplomacy, the purpose is to lower the temperature.
The Arkansas Cotton Company introduced a bill on Wednesday, co-sponsored by Democrat Virginia Senator Mark Warner. The bill will prohibit state and local governments from using the US rescue plan, which is a $1.9 trillion coronavirus. Rescue plan. Tax revenue was lost during the epidemic. , Purchase Chinese telecommunications equipment, including from Huawei and ZTE.
The two companies have been designated by the Federal Communications Commission (FCC) as a threat to national security, which prohibits U.S. companies from using agency-allocated funds to purchase their products. But for some legislators, this measure is far from enough. “FCC rules only apply to networks supported by FCC funds,” said a representative from the Warner Office. “Through the [U.S. Rescue Program], states and localities have a large number of funds for broadband use without these restrictions.”