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Trump sets deadline for rethink of Chinese companies’ US listings seeks up to $4.3 billion as NetEase raises $2.7bn in Hong Kong stock sales

HONG KONG/PALO ALTO -- President Donald Trump has ordered U.S. regulators to suggest ways to tighten scrutiny of New York-listed Chinese companies within the next 60 days, as tensions persist between Washington and Beijing over financial and trade ties.

"While China reaps advantages from American markets, however, the Chinese government has consistently prevented Chinese companies and companies with significant operations in China from abiding by the investor protections that apply to all companies listing on United States stock exchanges," Trump said in a memorandum released by the White House Thursday.

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