According to a letter seen by the Financial Times, Moolenaar and Scott stated that "these entities benefit from American investor capital while advancing the strategic objectives of the Chinese Communist party... supporting military modernisation and gross human rights violations."
US lawmakers, John Moolenaar and Rick Scott, have urged the Securities and Exchange Commission (SEC) to delist 25 US-listed Chinese groups, according to an article in the Financial Times. The targeted companies include Alibaba, Baidu, JD.com, Weibo, Pony.ai, Tencent Music and polysilicon producer Daqo New Energy Corp.
Moolenaar is the Republican chair of the House China committee, while Scott is the Republican chair of the Senate committee on ageing. Both lawmakers wrote to SEC chair Paul Atkins on May 2 (US time), urging the agency to take action against the US-listed firms, citing military links that risk US national security.
