U.S. Warns Colleges to Divest China Stocks Over Delisting Risk

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“Boards of U.S. university endowments would be prudent to divest from People’s Republic of China firms’ stocks in the likely outcome that enhanced listing standards lead to a wholesale de-listing of PRC firms from U.S. exchanges by the end of next year,” Keith Krach, undersecretary for economic growth, energy and the environment, wrote in the letter addressed to the board of directors of American universities and colleges, and viewed by Bloomberg.

From: www.bloomberg.com/news/articles/2020-08-18/state-department-urges-colleges-to-divest-from-chinese-companies



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