Why have many U.S.-listed Chinese firms announced delisting recently?

In this study, we propose a new rationale for firms' delisting and going private decision: voluntary delist then reissue shares and relist in the “home” country, because of favorable government economic policy and regulatory changes. 29 (27) out of 127 U.S.-listed Chinese ADRs announced going private during 2015 alone (2011–14). Using these two waves of Chinese ADRs going private, we first examine three potential rationales proposed by prior...