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China Shares in US Jump as Report of Audit Talks Progress Eases Delist Risk

2023-04-12   来源 : 音乐

to avoid of being delisted from the U.S. stock market. The e-commerce giant earlier this month disclosed the Hong Kong Stock Exchange (HKEX) approved its application for conversion of its secondary listing status. It expected the primary conversion to be effective by the end of the year.

Two weeks earlier, five leading Chinese state-owned companies, including two energy giants PetroChina and Sinopec, said they were going to delist from the New York Stock Exchange (NYSE) by early September. CSRC then commented these companies' decisions were made on their business concerns, and added that both listing and delisting are normal in the capital market.

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