The last two years have seen increasing disparity between how Mainland China’s markets have performed and onshore investor confidence versus foreign investment, as measured through Hong Kong stocks.
Five Chinese companies have voluntarily opted to delist from the New York Stock Exchange and U.S. markets, reported Reuters, in a move that could be positive for the ongoing audit dispute between China and the U.S.
The global economy is still recovering from and dealing with supply chain disruptions, something that has driven China to redouble its efforts towards self-reliance when it comes to energy and semiconductor chips, the powerhouses behind much of today’s innovations.