Amid ongoing tensions and disputes between the United States and China, the United States has suspended dozens of flights by Chinese airlines. The Department of Transportation (DOT) announced on Aug. 25 that, in response to Beijing’s cancellation of U.S. flights over COVID-19 cases, the United States will suspend 26 U.S.–China flights by Chinese airlines in…
SEC Chairman Warns Chinese Companies to Play by Rules or Face Delisting
August 30, 2022
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ChinaChina Business & EconomyChinese Regimedelisting chinese companiesExecutive BranchFinance & Business TiesPolicies & ImpactsPoliticsSEC - U.S. Securities and Exchange CommissionSpecial TopicsUSUS NewsUS-China relations
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The U.S. Public Company Accounting Oversight Board (PCAOB), the China Securities Regulatory Commission, and the Ministry of Finance have reached an agreement on the audit supervision of Chinese concept stocks, which Chinese media described as “great news for investors.” However, the SEC chairman warned that Chinese companies still face the risk of delisting if they…
Chinese Industrial Giants to List in Switzerland as Chinese Stocks Face Delisting Pressure in US
March 24, 2022
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Since Chinese companies listed on the U.S. stock exchange face increasing pressure of being delisted, some are now considering listing on the SIX Swiss Exchange through Global Depository Receipts (GDR), bank certificates listing shares in two or more countries. Two Chinese manufacturing giants, Sany Heavy Industry and Lepu Medical Technology, have recently announced plans to…
DiDi Reported $4.7 Billion Loss in Q3 Raising Concerns as It Plans Hong Kong IPO
DiDi—China’s ride-hailing giant which announced on Dec. 3, 2021, that it would begin delisting from the New York Stock Exchange—suffered a loss of 30 billion yuan ($4.7 billion) in the Q3, leading to concerns about its plan to list in Hong Kong this year. The company announced its Q3 revenue on Dec. 29, 2021, bringing…
Investors Abandoning China Mobile Stocks Sets Record, China Telecom Fails Expectation
China Mobile returned to China’s A-share stock market after facing delisting from the U.S. exchanges. The company disclosed its A-share IPO results on Dec. 28. Investors relinquished as much as 756 million yuan (approx. $121 million) worth of shares, setting a new record for the abandonment of A shares. China Telecom, which was also delisted…
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