HONG KONG -- The forced U.S. delisting of CNOOC, China's largest offshore oil producer, is likely to be followed by more exits as the new Biden administration holds to the tough line of the previous presidency.
CNOOC, which listed on the New York Stock Exchange in 2001, will be ejected following a final day of trading on Monday to comply with an executive order issued by then-President Donald Trump last November banning U.S. investment in designated companies found to have ties to the Chinese military.
