The White House is mulling over delisting Chinese businesses from American stock exchanges in a broader effort to limit U.S. investors’ portfolio flows into China, some news media reported.

Reuters cited one source saying President Trump’s administration is considering that move amid growing security concerns about Chinese companies’ activities.

Bloomberg also reported that the administration is weighing a ban on U.S. government pension funds from investing in Chinese market.

CNBC quoted some sources saying the White House could include a block on all U.S. financial investments in China and the goal is to protect American investors.

The plans are still in the early stages, but President Trump has given the green light to a discussion of how Chinese shares could be delisted, according to Bloomberg.

U.S. lawmakers introduced a partisan bill in June to force Chinese companies listed on U.S. stock exchanges to submit to regulatory oversight, including providing access to audits, or face delisting.

Chinese authorities have long been reluctant to let overseas regulators inspect local accounting firms, citing national security concerns.

Sen. Marco Rubio (R-Fla.) said at that time that China should no longer be allowed to shield U.S.-listed Chinese companies from complying with American laws and regulations for financial transparency and accountability.

A source said representatives from China have recently been lobbying hard against the bill.

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