Five Chinese state-owned companies, including a Chinese oil giant, announced on the 12th that they would delist their shares in the United States.
Against the backdrop of tightening regulations on Chinese companies by US authorities, there is a possibility that the economic separation between the US and China, or so-called "decoupling," will progress further in the future.
Five state-owned companies, including Chinese oil giants China Petroleum & Natural Gas, China Petroleum & Chemicals, and insurance giants, announced on the 12th that they would delist their shares on the New York Stock Exchange.
Regarding Chinese companies listed in the United States, the financial authorities of the United States are tightening regulations, and if they do not comply with inspections related to accounting audits, they may be delisted. We list and warn companies.
Each company cite the large burden required of the US authorities as the reason for delisting.
Regarding this, the Chinese government announced a comment on the 12th that the delisting of the five companies will not affect the overseas listing of other Chinese companies.
However, the list of US authorities includes many major private companies such as Alibaba Group, the largest online shopping company, and the Chinese side is also strengthening supervision of companies listed overseas. Depending on how we respond, there is a possibility that the "decoupling" of economic ties will progress further.