US lawmakers urge SEC to delist Alibaba and Chinese companies, FT reports

(Reuters) -The heads of two Congressional panels have written to the U.S. Securities and Exchange Commission urging it to delist Chinese companies, including Alibaba Group, that they say have military links that put U.S. national security at risk, the Financial Times reported on Friday.

The Republican chair of the House China committee, John Moolenaar, and the Republican chair of the Senate committee on ageing, Rick Scott, urged SEC chair Paul Atkins to take action against 25 Chinese groups, listed on exchanges in the U.S, FT said.

"These entities benefit from American investor capital while advancing the strategic objectives of the Chinese Communist party . . .  supporting military modernisation and gross human rights violations," they said in the letter, according to FT. "They also pose an unacceptable risk to American investors."

The companies also include search engine Baidu, online retail platform JD.com and the popular social media platform Weibo, according to the Times.

The Securities and Exchange Commission did not immediately respond to a Reuters request for comment.

(Reporting by Juby Babu in Mexico City; Editing by Shailesh Kuber)