Tag: delist

17 Chinese Firms Forced to Delist in US

A Chinese oil company gets kicked off the New York Stock Exchange, but raises $4 billion in China. Why are its Chinese competitors funding it? Cities across China endure lockdown-induced food shortages. Videos emerge, giving a glimpse into what locals are dealing with. Why is China sticking to its zero-COVID-19 policy even though it’s hurting…


Beijing’s Tight Control Over China’s Economy Creates Uncertainty for Foreign Investors

News Analysis In light of Xi Jinping tightening his control over China’s economy, investing in Chinese stocks is risky. One never knows where or how Beijing will involve itself in the economy, but government intervention is inevitable and unopposable. Investment guru Jim Cramer said that the Chinese Communist Party (CCP) is a “wild card.” He…


NTD Business Full Broadcast (Sept. 23)

There’s weakness in the labor market, as more Americans applied for jobless benefits last week. What’s the outlook for the economy? A new report says the global chip shortage could cost carmakers much more than initially thought. How bad could it be? Hundreds of Chinese companies could be delisted from American stock exchanges, as the…


Chinese Companies, US Investors Could Accelerate Decoupling Amid NYSE Delisting

News Analysis The trend of Chinese companies leaving U.S. stock exchanges is likely to accelerate after the New York Stock Exchange announced plans to boot three Chinese telecom companies from the exchange. This is especially the case for state-owned enterprises (SOEs), as there’s a higher risk that SOEs are connected to the Chinese Communist Party…


NY Stock Exchange Reverses Course Again, Will Delist Three Chinese Telecom Firms After All

The New York Stock Exchange said on Jan. 6 that it will delist three Chinese telecom companies beginning on Jan. 11, in another U-turn a day after U.S. Treasury Secretary Steve Mnuchin told the NYSE chief he disagreed with its earlier decision to reverse the delistings. The latest move marks the third about-turn, amid confusion over rules…


New York Stock Exchange Reverses Course Again, Will Delist 3 Chinese Telecom Firms After All

The New York Stock Exchange said on Jan. 6 that it will delist three Chinese telecom companies beginning on Jan. 11, in another U-turn a day after U.S. Treasury Secretary Steve Mnuchin told the NYSE chief he disagreed with its earlier decision to reverse the delistings. The latest move marks the third about-turn, amid confusion…


Sina’s US Stock Market Departure Could Herald a Wave of Chinese Delistings

News Analysis Chinese internet firm Sina Corp. agreed to go private and delist from Nasdaq, twenty years after its landmark U.S. IPO that led to a wave of Chinese companies listing their shares in the United States. Sina’s decision was crystallized after an entity led by its chairman Charles Chao sweetened the acquisition offer to…