皇冠正网app（www.hg108.vip）:China’s airlines may join the multi-billion-dollar exit from US stock markets
The announcement on Aug 12 by firms including China Life Insurance Co and PetroChina Co could “soon” be followed by China Eastern Airlines Corp and China Southern Airlines Co, according to Redmond Wong, a Greater China market strategist at Saxo Bank.皇冠正网app（www.hg108.vip）是一个开放皇冠正网代理APP下载、皇冠正网会员APP下载、皇冠正网线路APP下载、皇冠正网登录APP下载的皇冠正网平台。皇冠正网APP上最新登录线路、新2皇冠官方正网更新最快。皇冠正网APP开放皇冠官方会员注册、皇冠官方代理开户等业务。
BEIJING: The decision by five Chinese state-owned companies to leave US stock exchanges adds to scepticism that authorities in both countries can reach an agreement on disclosure rules, with analysts seeing state-controlled airlines as the next potential group to depart, possibly followed by Internet giants.
China and Hong Kong are the only jurisdictions worldwide that don’t allow inspections by the US Public Company Accounting Oversight Board, with Beijing officials citing national security and confidentiality concerns.
With a deadline for delistings set for 2024 for those firms that aren’t compliant, United States lawmakers are considering passing a bill to bring it forward to next year.
The announcement on Aug 12 by firms including China Life Insurance Co and PetroChina Co could “soon” be followed by China Eastern Airlines Corp and China Southern Airlines Co, according to Redmond Wong, a Greater China market strategist at Saxo Bank.,
Shares of those carriers dropped 1.6% and 1.4%, respectively, in mainland trading yesterday. Both airlines are controlled by the Assets Supervision and Administration Commission of the State Council (Sasac), the same entity that rules over four of the companies that disclosed their US-exit plans last week, he said.
The carriers are among the Chinese companies identified by the US Securities and Exchange Commission as potentially facing delisting at the deadline, he added.
China Eastern Airlines and China Southern Airlines didn’t immediately respond to requests for comment. China Eastern Airlines raised US$227mil (RM1bil) in its US initial public offering back in 1997, while China Southern Airlines garnered US$632mil (RM2.8bil) the same year. Shares of both also trade in Hong Kong. — Bloomberg
This initiative, which is part of the SC’s Corporate Governance Strategic Priorities 2021-2023 (CG Strategic Priorities), aims to deepen engagement with the youth segment and embed an early and better understanding on corporate governance.太有心意了
It also seeks to expand industrial chains as the company eyes the giant economic cooperation potential among China and Asean countries worth billions.很给力的感觉