U.S. Lawmakers Push to Delist 25 Chinese Firms Over Security Concerns

Published 21 hours agoBABA

U.S. Lawmakers Push to Delist 25 Chinese Firms Over Security Concerns

On May 2, 2025, U.S. lawmakers John Moolenaar and Rick Scott called on the Securities and Exchange Commission (SEC) to delist 25 Chinese companies, including major entities like Alibaba, Baidu, JD.com, and Weibo. The lawmakers' appeal is grounded in national security concerns, as they allege these companies have ties to China's military through the military-civil fusion policy requiring firms to share technology with the People's Liberation Army.

Their request is backed by the Holding Foreign Companies Accountable Act, which they urged the SEC to apply by suspending trading and revoking registrations of non-compliant firms. The list of Chinese companies also features Pony AI, Hesai, Tencent Music, and Daqo New Energy Corp—some of which have previously faced U.S. sanctions or blacklisting. However, Reuters reported that the SEC has yet to respond to this significant legislative push.

In response to these calls for delisting, the Chinese embassy criticized the move, cautioning against the politicization of trade and technology exchanges. This initiative highlights the ongoing efforts by U.S. authorities to address perceived threats posed by China's expanding economic and military influence.

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