Comment: It looks like these were

(See in situ)

It looks like these were

It looks like these were dummy companies formed to get on the US exchanges and raise capital. But now that the heat is getting turned up they are bailing.

Still it blew up a false bubble... Gee I want a start a company and sell shares on Wall street too...

"Dozens of Chinese companies issued shares on Wall Street over the past decade, raising billions of dollars from investors who wanted a stake in the country's booming economy.

Many were private companies that could not raise money on Chinese exchanges that were created to finance state industry or wanted the higher public profile.

Chinese regulators encouraged the move as a way for entrepreneurs to raise money and speed the development of China's economy. But in recent years Beijing has encouraged private companies to issue shares in China to help develop its markets and give Chinese households better investment options."

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