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Chinese - owned Companies Announce Plans To Delist From NYSE

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These companies are as following..........

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Aluminum Corp. of China,

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China Life Insurance,

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PetroChina and Sinopec.

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All these companies want to delist from U.S. stock exchange within the upcoming month.

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Because of increased U.S. scrutiny into the country’s financial auditing practices.

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All companies will stay listed on the Hong Kong and Chinese exchange.

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Chinese financial regulators said on Friday that this delisting is routine.