Chinese Stocks Flee U.S. Exchanges

A state-owned bank helps companies go private
Illustration by Angus Greig

More than 60 Chinese companies joined U.S. exchanges from 2008 through 2011, hoping to cash in on the Western appetite for Asian growth stocks. Now some of those companies are pulling up stakes. China Development Bank, the state-owned lender charged with strengthening the country’s competitiveness, is providing more than $1 billion in financing to help companies leave the U.S. stock market.

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