Urges in the United States SEC

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The heads of two panels from Congress urged the Securities and Stock Exchange Committee to delete Chinese groups, including Ali Baba, to whom they say there are military ties that endanger national security.

John Molinaar, the Republican President of the Chinese Committee in the House second On Friday, the President of Paul Atkins asks his agency to take action against 25 Chinese groups listed on the American stock exchanges.

The goals also include the BAIDU search engine, the online retail platform JD.com and the famous social media platform.

The lawmakers of the Chinese Communist Party said … messageIt has been obtained by financial times. “They also pose an unacceptable danger to American investors.”

Molinaar and Sakut said that regardless of the extent of Chinese groups ’trading on the surface, it was eventually“ harnessed for the purposes of the neveled state, ”partly due to the Chinese military fusion program that requires Chinese companies to share technology with the Popular Liberation Army when it ordered Beijing.

It represents the latest payment US effort to confront China And reduce its ability to use American capital, technology and expertise to update her army.

The two countries are also involved in a Trade war Tensions between Washington and Beijing have aggravated. On Thursday, the CIA released Chinese videos designed for their assistance Record more spies Inside China.

MIOLENAAR and Scott said that the extent of control of CCP on Chinese companies was “systematically hidden from American investors” and that Chinese law has created “unpredictable risks to American investors that cannot reduce reinforced disclosures.” They added that many of the companies they cited in their mission were “not merely not transparent”, but they were “actively integrated into the Chinese army and monitoring apparatus.”

They said that SEC has tools and power under the Law on Foreign Liability Holding on “suspending trading and forcing deletion by suspending or canceling the registration of securities for Chinese companies that do not protect adequate American investors.”

“You can behave SEC – and must -”, Molinaar and Sakut books.

Pony Ai goals, which make independent driving technology, and Hesai, which is the Pentagon’s laser sensor set in a list of alleged military relationships, which denied the company.

It also includes TENCENT Music, which is a tincent Holdings, which was already placed in the Black Pentagon menu. Another group is Daqo New Energy Corp, Polysilicon product that was previously placed in the US Trade Department claiming to be involved in forced work in Xinjiang.

The legislators said that the groups were just a sub -group of Chinese companies that “reach American capital during the service of the genocide dictatorship and our first geological competitor.”

There were 286 Chinese companies on American stock exchanges as of March, according to the American -Chinese Economic and Security Review Committee, which was established by Congress to investigate the security effects of trade and economic relations between the United States and China.

The move comes as some investors in the United States are concerned that the trade war between the United States of China can escalate to the capital of capital.

“This American investor will approach millions of dollars in the United States to gradually our main opponent over these many years gradually, such as our willingness to continue tolerance with China’s unfair practices in a large way,” said Roger Robinson, the former president of the Economic Review Committee and the United States, which now runs his own consultations.

Atkins, who was right as SEC president last month, did not announce the policy movements focused on China. His predecessor, Gary Ginserner, increased check -out in Beijing Securities.

When asked in his confirmation session, he was asked to ensure the compliance of Chinese groups with American standards, Atkins said: “Accounting and review is clearly important to protect investors and capital markets.”

In addition to pressure to work on Chinese companies in the United States, the House China committee has increased auditing in American financial groups working with Chinese companies that work with or invest, or that face charges of human rights violations.

FT asked to comment from each of the companies.

The Chinese embassy in Washington said that Beijing opposed the United States “get rid of the concept of national security, using the national bodies and the long judicial state to bring down Chinese companies.”

“We are opposed to converting commercial and technological issues into political weapons,” said Liu Bingio, the embassy spokesman.

SEC was contacted to comment.