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Business

Namrata Sen

From NYSE To Hong Kong: Over 80 Chinese Firms Pull Plug On US Listings Amid Growing Tensions

United States Hong Kong Andrew King

Usa,And,China,Trade,War,Economy,Conflict,Tax,Business,Finance

Several Chinese companies have withdrawn from U.S. stock exchanges since 2019, indicating escalating mistrust between the world’s two largest economies.

What Happened: Since 2019, over 80 Chinese companies have withdrawn their listings from U.S. stock exchanges, according to data from Wind, reported The Wall Street Journal on Tuesday. The number of Chinese companies listed on the New York Stock Exchange and Nasdaq has fallen to approximately 275, accounting for less than 2% of the total capitalization.

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