Five Chinese state-owned companies, including oil giant Sinopec, have opted to DELIST from the NYSE rather than be audited by Washington – NewsExplorer

Chinese state-owned companies to delist from the New York Stock Exchange following disputes over US audit regulationsWashington has warned over 270 Chinese companies of possible removal from the NYSE if Beijing continues to refuse regulationsBeijing says foreign inspection of audit documents from local accounting firms, which is required by US regulations, is a national security concernDisputes arise amid growing tension between the two global economies, including Nancy Pelosi’s recent trip to Taiwan Five Chinese state-owned companies announced Friday they would delist from the New York Stock Exchange amid a refusal to adhere to US auditing regulations and growing tensions between…