The cold war between the US And China goes into the monetary plane. Focusing on the actions of American senators, China is preparing a complete cut off from the American financial market, which is a source of capital for many large Chinese organisations. In the period of increased globalization And the creation of what the Western geopolitical experts proudly called "Chimerica" (China, America) - the kind of symbiotic interaction And merging of economies And financial sectors of the USA And China, China And also among them the state, the organization actively sought to place their shares And bonds on the American market. It gave access to big money And opened up the most possibilities in terms of cooperation With international banks, which are always More loyal to companies, whose shares are traded on the new York stock exchange (NYSE) or NASDAQ. Moreover, a certain element of prestige And sort of the desire to receive the official respect the fact that Chinese corporations are truly international And major players in the global economy, was also present in this mass campaign of Chinese issuers in the U.S. markets.
The BBC informs, " the U.S. Senate adopted a draft law which will introduce a ban on small Chinese companies to sell shares on U.S. exchanges. The law requires that foreign firms have followed the US standards regarding the verification And other financial standards. The measure must now be approved by the house authorized (by the U.S. Congress.- Approx. Ed.) before it will be signed by the head of trump.