Five major Chinese companies will delist from Wall Street



PetroChina is one of the companies leaving Wall Stret (REUTERS/Dado Ruvic/File)
PetroChina is one of the companies leaving Wall Stret (REUTERS/Dado Ruvic/File)

Five major Chinese companies announced Friday that they will delist from the New York Stock Exchange.at a time when the companies of the Asian giant are under the scrutiny of the US regulator.

In separate statements, the oil companies Sinopec Y PetroChinathe insurance heavyweight China Life Insurancethe aluminum giant Chalcoas well as a Shanghai-based subsidiary of Sinopecthey ensured that they are starting the paperwork for a “voluntary withdrawal” from the New York Stock Exchange.

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