ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Australia shows Chinese stocks the door

Pre-emptive enforcement drive purges one third of listings

Financiers say the ASX has made it virtually impossible for new Chinese companies to list.   © Reuters

MELBOURNE -- Chinese companies have lost their welcome with Australia's stock markets amid a campaign by the local securities regulator to enforce governance standards.

Around 20 companies, or roughly a third of those previously listed on the Australian Securities Exchange and two smaller local boards, have been purged over the last two years while no new ones have been accepted. This has left 46 Chinese stocks still trading across the ASX and the National Stock Exchange but no shares of any sort left on the Sydney Stock Exchange which had specifically focused on China.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more