Chinese authorities are “working very hard” with U.S. counterparts to prevent Chinese firms from being delisted from U.S. stock exchanges, according to an official from China’s securities regulator, who warned that such delistings would be a setback for companies and relations with the United States.
Discussions with U.S. counterparts on the delisting of Chinese firms were “smooth and open,” Shen Bing, director-general of the China Securities Regulatory Commission’s (CSRC) department of international affairs, said on Nov. 25.
