Five Chinese state-owned companies said they intend to delist their American depositary shares from the New York Stock Exchange, as financial regulators in Beijing and Washington remain at loggerheads over U.S. audit requirements.
In separate filings to Hong Kong’s stock exchange Friday, PetroChina China Petroleum & Chemical Aluminum Corp. of China China Life Insurance Co and Sinopec Shanghai Petrochemical Co. said they have notified the NYSE that they plan to voluntarily delist their American depositary shares.
