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Jan. 13, 2023 at 4:00 PM
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There will soon be no more Chinese state-owned companies trading on American stock exchanges.
The last two remaining—China Eastern Airlines and China Southern Airlines— said they would apply to delist their American depositary shares from the New York Stock Exchange, following other Chinese state-owned firms that delisted last year.
The moves came after a U.S. audit regulator's determination last month that it secured complete access to inspect China-based audit papers, including those belonging to state-owned firms.
