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Technology Stocks : Baidu (BIDU)
BIDU 120.52+0.9%3:59 PM EST
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From: Frank Sully11/25/2021 10:03:35 AM
   of 2098
 
China regulator seeks to avoid U.S. delistings of Chinese firms

By Scott Murdoch

Reuters reports that Chinese authorities are working with U.S. counterparts to prevent Chinese companies being delisted from U.S. stock exchanges, a Chinese regulatory official said on Thursday.

"We don't think that delisting of Chinese firms from the US market is a good thing either for the companies, for global investors, or Chinese-US relations," Shen Bing, director general of China Securities Regulatory Commission's department of international affairs, told a conference in HK.

"We are working very hard to resolve the auditing issue with US counterparts, the communication is currently smooth and open. There is a risk of delisting of these companies but we are working very hard to prevent it from happening," he added.

Hope there will be more updates regarding this so we can lessen some of the FUD on Chinese equities.

reuters.com
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