China Delistings Threaten $144 Billion U.S. Fundraising Boom
- NYSE will delist China Mobile, China Telecom, China Unicom
- Chinese ADRs fall in U.S. hours; concern spreads to oil firms
NYSE said it will suspend trading in the American depositary shares of China Mobile, China Telecom Corp. and China Unicom Hong Kong Ltd. before Jan. 11.
Photographer: Roy Liu/BloombergThis article is for subscribers only.
For more than two decades Chinese companies have turned to the U.S. stock market for capital and international prestige, raising at least $144 billion from some of the world’s largest investors.
Now this pillar of China’s integration with the global financial system is increasingly under threat.