Wall Street

Five Chinese firms vow to delist from US markets amid long running audit dispute

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City AM

By Louis Goss Five Chinese state-owned companies have said they will pull themselves off the New York stock exchange amid long-running clashes between Beijing and Washington over audit standards. The five Chinese firms have said they will delist from the Wall Street market after coming under scrutiny over US regulators claims they have failed to meet US audit standards. The plans to delist come amid longstanding concerns from the US around a lack of transparency surrounding Chinese and Hong Kong firms. The clashes came to ahead in 2020 after former US president Donald Trump signed the Holding …

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