All five companies said to expect an SEC filing to delist the securities by the end of the month, adding that delisting their ADSs would occur ten days after that.
According to the PetroChina filing, continued US listing meant"considerable administrative burden for performing the disclosure obligations,"plus the companies complained about low trading volumes on the NYSE.
About 300 businesses based in China and Hong Kong, with over $2.4 trillion in market value, risk being kicked off US Exchanges as the SEC increases scrutiny of the firms.Among the biggest are China Life, PetroChina, China Petroleum & Chemical, Alibaba Group Holding Ltd.$Alibaba (BABA.US)$and Baidu Inc$Baidu (BIDU.US)$.
whqqq
:
Hong Kong listed stocks don't trade at a discount to US ADRs in terms of valuations. I think maybe more Chinese firms to voluntarily delist from the US or move their primary listings to Hong Kong.
Revelation 6
:
The Chinese companies are only being asked to do what all the other companies already do. Open disclosure of financial and earnings statements for audit. If they can’t meet that requirement, good bye.
Revelation 6
whqqq
:
I agree. There will be more Chinese companies that delist and move rather than meet the requirement of open audit and inspection. Whether it’s good or bad we’ll have to wait and see. Could go either way.
whqqq
Revelation 6
:
You're right. Every coin has two sides. I think there are both good and bad aspects, but no one can predict which aspect will be more in the end.
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.
whqqq : Hong Kong listed stocks don't trade at a discount to US ADRs in terms of valuations. I think maybe more Chinese firms to voluntarily delist from the US or move their primary listings to Hong Kong.
Revelation 6 : The Chinese companies are only being asked to do what all the other companies already do. Open disclosure of financial and earnings statements for audit. If they can’t meet that requirement, good bye.
Revelation 6 whqqq : I agree. There will be more Chinese companies that delist and move rather than meet the requirement of open audit and inspection. Whether it’s good or bad we’ll have to wait and see. Could go either way.
whqqq Revelation 6 : You're right. Every coin has two sides. I think there are both good and bad aspects, but no one can predict which aspect will be more in the end.![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Giovanni Ayala :
