Senator Marco Rubio seeks to ban Chinese firms from US capital marketsA top senator is preparing a bill to ban Chinese companies from US capital markets if they engage in spying, human rights abuse or support China’s military, threatening a financial blow as tensions mount over Covid-19 and Beijing’s crackdown on Hong Kong.
Republican Marco Rubio, a prominent China hardliner, said he plans to unveil the legislation in the coming weeks after the US Department of Defence released a list of 20 companies, including telecoms giant Huawei and video surveillance firm Hikvision, that it alleges are owned or controlled by the Chinese military.
“The Chinese Communist Party’s exploitation of US capital markets is a clear and ongoing risk to US economic and national security that must be addressed,†Rubio said in a statement.
“In the coming weeks, I will be introducing legislation to ban these companies from operating in US capital markets and make clear to the Communist Party that they will no longer be able to exploit our financial system,†he added...........
https://www.scmp.com/news/world/united-states-canada/article/3091446/senator-marco-rubio-seeks-ban-chinese-firms-us
