Focus topics

State-owned enterprises withdraw from New York Stock Exchange

Five Chinese state-owned companies have announced their withdrawal from the New York Stock Exchange. Life insurer China Life, oil giants Sinopec and PetroChina, aluminum group Chalco, and chemical company Sinopec Shanghai Petrochemical on Friday announced requests to delist their American depositary shares (ADS) before the end of August. They are among nearly 270 Chinese companies threatened with expulsion from the New York Stock Exchange by the United States in a law passed in May for failing to meet US auditing standards.

Continue reading now

Get 30 days of free access to the Decision Brief to read these and more quality news every day.

Are you already a guest at the China.Table? Log in now


    Meta dismantles Chinese fake news network
    Shenzhen steps in to help Evergrande
    Tax exemption for EVs extended until 2023
    709-Lawyer released