Delisting of Chinese ADRs Is Part of the New Cold War
There’s battle lines being drawn…Nobody’s right if everybody’s wrong. It’s time for a little Buffalo Springfield, as the tensions between the U.S and China heat up.
According to Markets Insider:
PetroChina and China Petroleum & Chemical Corp, or Sinopec, Aluminum Corp. of China, China Life Insurance, and Sinopec Shanghai Petrochemical each filed regulatory notifications about plans for their shares to cease trading in the US market. The companies said they would submit…