Hot Chinese ADRs Slid in Premarket Trading

Tiger Newspress2022-08-12
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Comments

  • PearlynCSY
    2022-08-14
    PearlynCSY
    SEVERAL Chinese state-owned companies including China Life Insurance and oil giant Sinopec announced plans on Friday(Aug 12) to delist from the US stock market. The companies, which also include Aluminium Corporation of China (Chalco) and PetroChina, said in separate statements that they would apply for delistings of their American Depository Shares from the New York Stock Exchange (NYSE). The four will keep their listings in Hong Kong and mainland Chinese markets. “These companies have strictly complied with the rules and regulatory requirements of the US capital market since their listing in the US and made the delisting choice for their own business considerations,” the China Securities Regulatory Commission (CSRC) said in a statement. China and the United States have been in talks to r
  • miker9110
    2022-08-14
    miker9110
    Oh
  • blessed_1
    2022-08-12
    blessed_1
    [What] 
  • Bel8680
    2022-08-12
    Bel8680
    Great
  • JamesSoh
    2022-08-12
    JamesSoh
    Because of the 3 big companies delisting in US
  • Andrewinho
    2022-08-12
    Andrewinho
    Cheap again!! 🤭🤭🤭
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