Five Chinese companies say they plan to delist the New York Stock Exchange

Five Chinese state-owned companies say they intend to remove US custody shares from the New York Stock Exchange, as financial regulators in Beijing and Washington remain in place. worry about US audit requirements.

In separate filings on the Hong Kong stock exchange on Friday, PetroChina China Petroleum & Chemicals China Aluminum Corporation China Life Insurance Company and Sinopec Shanghai Petrochemical Co. said it has informed the NYSE that it plans to voluntarily delist its US custody shares.

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