CSRC Official of Relevant Departments Answered Reporter Question Regarding Recent Decisions by A Few Chinese Companies to Voluntarily Delist from U.S. Exchanges
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Reporter: Today, a few Chinese companies announced their decision to delist from U.S. securities exchanges. What is the CSRC’s comment on this?
Official: We have noticed these announcements. Listings and delistings are both common in capital markets. According to these companies’ announcements, they have strictly observed relevant U.S. rules and regulations since listed on the U.S. markets, and the delisting decisions are made out of their business considerations. These companies are listed on multiple markets, and only a small portion of their securities are traded in the U.S. markets. The delisting plan will not jeopardize these companies’ fund-raising ability through domestic and overseas capital markets.
The CSRC respects these companies’ business-driven decision in compliance with rules of the listing venue. We will continue to communicate and cooperate with relevant overseas regulators to jointly protect the legitimate rights and interests of issuers and investors.