China's Regulator Says DiDi Delisting In U.S. Won't Affect Other Firms

China's securities regulator said over the weekend that Didi Global’s decision to delist from New York Stock Exchange (NYSE) was a decision the Chinese ride-hailing giant made on its own based on the market and the company's own situation, Brenda Goh and Min Zhang reported for Reuters.

Photo Insert: China earlier ordered NYSE-listed Chinese firms not to allow the US Securities and Exchange Commission (SEC) to conduct audits of their books.

Didi's delisting has nothing to do with other US-listed Chinese stocks or ongoing efforts between Chinese regulators and their US counterparts to resolve an audit dispute affecting US-listed Chinese firms, the China Securities Regulatory Commission (CSRC) said in a statement on its official WeChat account.

The Chinese company said on Saturday it would hold an extraordinary general meeting on May 23 for shareholders to vote on its voluntary delisting from the NYSE.

China earlier ordered NYSE-listed Chinese firms not to allow the US Securities and Exchange Commission (SEC) to conduct audits of their books, fearing that US intelligence would snoop on these books and other documents.

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