5 Chinese companies requested to be removed from Wall Street

Trending 08/19/22, 18:48

Chinese state-owned companies requested "voluntary exclusion" from the U.S. stock market, allegedly due to high costs and low returns. These companies are Sinopec and PetroChina, two of the world's largest oil companies, the Aluminum Corporation of China (Chalco), as well as China Life Insurance, and a Shanghai-based subsidiary of Sinopec. For years ...

After China’s regulatory storm, Chinese firms relaunch IPO’s in US

China 02/17/22, 04:55

VOA reported that more Chinese companies are gearing up for an initial public offering (IPO) on the New York Stock Exchange (NYSE) right after the Lunar New Year. This move perhaps indicates that some Chinese companies ignored the reminders and warnings of Chinese regulators last year when they forced Didi Global ...

2021: 10 Chinese tech moguls lose nearly $80 billion

China 01/02/22, 16:08

Besides the real estate sector, 2021 has also been an overwhelming year for Chinese tech companies.  On Dec. 29, Bloomberg reported that the total net worth of China's top 10 technology tycoons fell by nearly $80 billion, almost a quarter of their total assets. Colin Huang, the founder of the e-commerce company Pinduoduo, ...

Florida targets Chinese communist regime companies and progressive corporations

China 12/28/21, 18:17

The state of Florida, led by Republican Governor Ron De Santis, announced that it will take action against Chinese communist regime companies and other "woke" firms that operate within the state and attempt to impose their leftist ideals on employees and customers through their products and services. The state will investigate ...

China’s tire industry raises prices as production costs increase

China 12/21/21, 20:32

The tire industry in mainland China is seeing a new wave of price increase this December.  According to CCTV Finance, this has been the tire industry's third round of concerted price hikes since the fourth quarter. Costs for tire products are rising at an estimated pace of 3%, and some companies ...

CCP uses climate as a weapon to attack the world’s economy

China 12/17/21, 16:15

The British nonprofit "Global Warming Policy Fund" released a report on Dec. 13, detailing the CCP's manipulation of international climate agreements. The regime has weaponized climate policies to defeat the West. The "Global Warming Policy Fund" report is titled "China's Energy Dream". The main body of the information has 13 pages, with ...

After US warning, UAE suspends Chinese works in the country

Middle East 12/14/21, 03:27

On Thursday, Dec. 9, it was reported from senior officials of the United Arab Emirates (UAE) that the UAE Government has just ordered the suspension of Chinese construction activities after hearing that the U.S. responded that Beijing is building new military facilities in the UAE. The UAE leader's diplomatic adviser and ...

Jack Ma’s whereabouts continue to be a mystery

China 12/08/21, 15:42

The whereabouts of Jack Ma, the founder of Alibaba, continue to be a mystery to the public. The last time he was seen in public was a month ago in Europe. At the end of October this year, the Hong Kong press reported that Jack Ma had arrived in Hong Kong ...

Why are Chinese companies forced to withdraw from the US?

China 12/07/21, 04:02

The U.S. Securities and Exchange Commission announced on Dec. 2, that companies listed in the United States must prove whether they were owned and controlled by government entities and provide evidence for an audit inspection. Bloomberg said the final plan of the "Foreign Corporate Liability Act" requires foreign companies to disclose ...

Evergrande founder sells Hollywood Hills mansion at loss

China 12/07/21, 03:45

Chinese billionaire Xu Jiayin, founder of Evergrande—China’s largest real estate developer, faces Evergrande’s bond defaults. Earlier, the media reported that the Chinese Communist Party asked Xu Jiayin to use his assets to ease Evergrande’s debt crisis. After selling much of his personal property in Hong Kong, Xu Jiayin continued to sell ...

China asks Didi to delist from US, SoftBank Group stock drop more than 2%

China 12/06/21, 15:40

Chinese online ride-sharing company Didi Chuxing announced on Weibo on December 3rd that it has begun withdrawing from the US stock market. A Didi investor at its headquarters in Beijing told the Financial Times that it is unlikely that any significant shareholder would oppose the delisting. Major shareholders such as SoftBank, ...

Evergrande defaulted on $260 million debt: Bankruptcy could be next

China 12/06/21, 15:34

According to the EpochTimes commentator Li Muyang, on Dec. 3, China's Evergrande Group announced it had defaulted on a debt of up to $260 million. This announcement by Evergrande may result in Evergrande's bankruptcy. The impact of this incident will be huge. However, a spokesman for the China Banking and Insurance ...

Trump administration mulls delisting Chinese companies from US exchanges

U.S. 09/28/19, 12:54

The White House is mulling over delisting Chinese businesses from American stock exchanges in a broader effort to limit U.S. investors’ portfolio flows into China, some news media reported. Reuters cited one source saying President Trump’s administration is considering that move amid growing security concerns about Chinese companies’ activities. Bloomberg also reported ...

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