Page 233 - Sinopec News Today

Oil giant Sinopec, Aluminium Corporation of China PetroChina and Sinopec Shanghai Petrochemical said they would apply to delist their American Depository Shares this month. 

Five major Chinese state-owned companies, including oil producers Sinopec and PetroChina, announced Friday they will no longer list their stock for trading with the New York Stock Exchange amid U.S. investigations of their audit and disclosure policies.

Five major Chinese companies including two of the country's largest oil producers will delist from the New York Stock Exchange, the firms said in filings on Friday.

Amidst a long-running audit dispute between China and the US, several Chinese state-owned companies announced plans to delist from the New York Stock Exchange.

Five major Chinese state-owned companies, including oil producers Sinopec and PetroChina, announced Friday they will no longer list their stock for trading with the New York Stock Exchange amid U.S. investigations of their audit and disclosure policies.

A cooling of inflation is seen as risk-on for the stock market because it would give the Federal Reserve more flexibility in its interest rate hikes.

Two of the three are PetroChina Ltd. and Sinopec.

Two of the three are PetroChina Ltd. and Sinopec.

Caixin Global provides the latest China news headlines on politics, economy, business and finance with insight and in-depth analysis.

Caixin Global provides the latest China news headlines on politics, economy, business and finance with insight and in-depth analysis.