Top Republican financial officers from 21 states have asked SEC Chair Paul Atkins to determine whether Chinese companies on U.S. stock exchanges should be delisted for failing to protect U.S. investors, The Financial Times’ Demetri Sevastopulo, Stefania Palma, and Stephen Foley report. “China’s actions create an environment ripe for fraud and abuse, increasing the likelihood that China-based US-listed companies will violate the disclosure, auditing or anti-fraud provisions of the Securities Exchange Act,” the officers from states including Pennsylvania, South Carolina and Arizona said in the letter obtained by the publication. Notable Chinese stocks include Alibaba (BABA), Baidu (BIDU), JD.com (JD), PDD (PDD), Tencent (TCEHY), and NetEase (NTES).

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