As the US moves to put dozens more Chinese firms on its list of companies that could face delisting, its threatening effect is obviously ebbing, and it has become an irreversible trend for these US-listed firms to prepare for homecoming listings, Chinese experts told the Global Times on Thursday.
The move by the US Securities and Exchange Commission (SEC) on Tuesday to add 12 more US-traded Chinese companies to a register for possible delisting isn t a positive response to the momentum between the two countries regulators to resolve their audit dispute, and it will be detrimental to investor confidence in the US, a Chinese securities expert said on Wednesday.
Chinese oil giant China National Offshore Oil Corp (CNOOC) said on Monday it will raise 28.08 billion yuan ($4.41 billion) in a listing at the A-share market, and investors could start purchasing its stocks from Tuesday.
The Hong Kong stock market started April on a high note, after China s securities regulator unveiled draft revisions to data security rules governing overseas listings of domestic firms.
China s top securities regulator said on Thursday that Chinese and US regulators are willing to solve differences on audit dispute regarding US-listed Chinese companies, but the final outcome of the talks depends on the wisdom and sincerity of both sides.