Radio France Internationale (RFI) Chinese Edition recently reported that five companies, including PetroChina, Sinopec, Aluminum Corporation of China, China Life, and Shanghai Petrochemical announced separately that they applied for the voluntary delisting of their American Depositary Shares from the New York Stock Exchange. The China Securities Regulatory Commission issued a statement on “Initiating delisting from the U.S. for Individual Chinese Companies.” The Commission explained that, “ever since these companies listed in the United States, they have strictly abided by the rules and regulatory requirements of the U.S. capital market. They made the choice of delisting out of their own business considerations.” The Commission further stated that listing and delisting are the norm in the capital market. Previously, the U.S. Securities and Exchange Commission (SEC) announced on May 4 that it had included more than 80 Chinese companies on its scheduled delisting list, and ordered these companies to submit evidence that they met the listing conditions before May 25. Under the U.S. Foreign Company Accountability Act of 2020, the committee can remove foreign companies from U.S. securities markets if they fail to comply with U.S. auditing standards for three consecutive years. Beijing and Washington are negotiating the resolution of the longstanding audit disputes. U.S. SEC Chairman Gary Gensler said on July 27 that U.S. and Chinese officials must reach an agreement “as soon as possible” to obtain audit papers of Chinese companies in order to avoid the delisting of U.S.-listed Chinese stocks.

Source: RFI Chinese, August 12, 2022
https://bit.ly/3pexEUS

China’s State media Global Times published a commentary article on U.S. House speaker Nancy Pelosi’s visit to Taiwan. The article said, “Pelosi’s sneaky visit to Taiwan is a grand show of the US’s anti-China strategy and a big exposure of its geopolitical ambitions. From the beginning to the end, Pelosi has not talked about the exchanges between the legislatures, but the conspiracy to split the two sides of the Taiwan Strait in all aspects, contain China in all aspects, shape the ‘Indo-Pacific’ in all aspects, and promote the new Cold War in all aspects.”

The article listed 4 such conspiracies of the United States:

1. Turn Taiwan into a colony of American ideology;
2. Turn Taiwan into an unsinkable aircraft carrier for the Asia-Pacific alliance;
3. Turning Taiwan into a Military Frontier for the Indo-Pacific Strategy;
4. Turn Taiwan into a chip killer for China’s tech blockade.

Source: Global Times, August 10, 2022
https://opinion.huanqiu.com/article/49BKoXTuWGc