CHARLESTON, W.Va. (WVDN) – State Treasurer Larry Pack today joined 20 other states in a letter to Securities and Exchange (SEC) Chairman Paul Atkins urging an investigation to determine if Chinese companies should be delisted from the U.S. Stock Exchange. The letter noted that these companies have failed to protect American investors.
“Efforts led by the Chinese Communist Party to circumvent U.S. regulatory structures have put American dollars at risk. We should be doing everything in our power to hold bad foreign actors accountable. Especially those connected to Communist China who attempt to steal U.S. trade secrets to be weaponized against the United States,” Treasurer Pack said. “That is why I joined this letter with 20 of my fellow state financial officers urging Chairman Atkins to investigate these companies.”
Since taking office in January, Treasurer Pack took steps to protect West Virginia data by banning the use of the use of Chinese artificial intelligence (AI), such as DeepSeek, on all West Virginia State Treasury devices. In addition, AliPay, a Chinese based wallet system, and Kasperksy also have been banned.
Additionally, Treasurer Pack spearheaded a Prohibited Foreign Investments Policy that was ultimately adopted by the Board of Treasury Investments (BTI) during its quarterly meeting in February. The policy prevents direct investments from companies affiliated with the government of the People’s Republic of China, the Chinese Communist Party, the Chinese military, or any instrumentality or combination thereof.
For the full letter: https://sfof.com/wp-content/uploads/2025/05/Delisting-Letter.pdf
