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Beijing Creates Plan to Halt Most US Delistings – FT

A system of three groups will be prepared and submitted to Washington, organised by the sensitivity of the companies’ data, the FT said


Only the group with the highest sensitivity of data would be delisted under Beijing's proposal. File photo: New York Stock Exchange

 

China plans to comply to an extent with US public company rules so some of its firms won’t be delisted from the New York and Nasdaq stock exchanges, the Financial Times reported.

A system of three groups will be prepared and submitted to Washington, organised by the sensitivity of the companies’ data, the FT said. Only the group with the highest sensitivity of data would be removed from US listings under Beijing’s proposal.

 

Read the full report: Financial Times

 

 

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.