WHY ARE CHINESE COMPANIES LEAVING US STOCK MARKETS?
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26.08.2022


Anadolu Agency (26 August 2022)

Aysu Bicer and Riyaz ul Khaliq

 

Nearly 200 Chinese companies whose shares trade in US may face delisting as China seeks to avoid financial oversight of American regulators.

As major Chinese state-owned firms recently announced they would apply to be delisted from US stock markets, uncertainty has arisen on whether this is a harbinger of accelerated decoupling between the world's two largest economies.

The decisions that came last week from five major companies, including China's oil giants, came amid outrage over a US law requiring American regulators to inspect the audits of Chinese firms.

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