Los Angeles Business Journal

Chinese Companies Pull Out of U.S. Stock Markets

Tuesday, August 14, 2012

Just a few years after Chinese companies lined up to sell shares on Wall Street, a growing number are reversing course and pulling out of U.S. exchanges. The Associated Press reports that the withdrawals in part follow accusations of improper accounting by some companies, but Chinese companies also say that low share prices here fail to reflect the strength of their businesses.