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Three Chinese corporate giants leaving NY stock exchange

FILE - Chinese men wearing masks walk past the headquarters of state-owned PetroChina in Beijing on Jan. 20, 2021. Three state-owned Chinese corporate giants announced plans Friday, Aug. 12, 2022 to remove their shares from the New York Stock Exchange amid a dispute between Washington and Beijing over whether U.S. regulators can see records of their auditors. PetroChina, China Life and China Petroleum & Chemical, widely known as Sinopec, said the shares affected were American depositary shares, or ADSs, that represent shares traded in Hong Kong. (AP Photo/Ng Han Guan, File) FILE - A Chinese Communist Party badge is pinned to a worker's uniform at the Sinopec Yanshan Petrochemical Company on the outskirts of Beijing on May 25, 2018. Three state-owned Chinese corporate giants announced plans Friday, Aug. 12, 2022, to remove their shares from the New York Stock Exchange amid a dispute between Washington and Beijing over whether U.S. regulators can see records of their auditors. PetroChina, China Life and China Petroleum & Chemical, widely known as Sinopec, said the shares affected were American depositary shares, or ADSs, that represent shares traded in Hong Kong. (AP Photo/Mark Schiefelbein)
Three Chinese corporate giants leaving NY stock exchange