‘Ludicrous’ Portfolio-Flow Proposal Spurs China ADR Plunge
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U.S.-listed shares of China-based companies tumbled on Friday after Bloomberg reported that the White House is weighing limits on U.S. portfolio flows into China, a move that could affect Chinese stocks held in U.S. indexes.
According to the report, which cites people familiar with the internal deliberations, the Trump administration is considering delisting China-based companies from U.S. exchanges.