U.S. Set to Target Chinese Firms on Wall Street Over Transparency and State Control

U.S. officials are reportedly gearing up to target Chinese companies listed on American stock exchanges, with delisting becoming a real possibility, according to Fox News journalist Charles Gasparino.

The incoming SEC chairman, Paul Atkins, is expected to prioritize this issue once he formally takes office. Sources familiar with the matter say it will be one of the first major actions under his leadership.

This move is being considered in the context of rising tensions between the U.S. and China, especially as economic disputes remain unresolved. Within Congress, particularly among Republicans, there’s growing momentum to push Chinese firms out of U.S. capital markets.

Under existing regulations, foreign companies can be removed from American exchanges if they refuse to comply with transparency standards — specifically, if they block access to financial audits or conceal ties to foreign governments.

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A major concern in this ongoing debate is the practice of “golden shares,” which allow the Chinese government to exert direct influence over corporate decisions. Critics in Washington see this as a significant red flag, suggesting these firms are far from independent.

Alexander Stefanov