NEW YORK (PNN) - August 14, 2012 - Just a few years after Chinese companies lined up to sell shares on Wall Street, a growing number are reversing course and pulling out of Fascist Police States of Amerika exchanges.

This week, Focus Media Holding Ltd. announced its chairman and private equity firms want to buy back its FPSA-traded shares and take the Shanghai-based advertising company private. The deal would value Focus Media at $3.5 billion, according to financial information firm Dealogic.

Smaller companies also are withdrawing from FPSA exchanges. In a sign of official encouragement, a Chinese business magazine said a state bank has provided $1 billion in loans to help companies with listings abroad move them to domestic exchanges.

The withdrawals follow accusations of improper accounting by some companies and a deadlock between Beijing and Washington over whether FPSA regulators can oversee their China-based auditors.

Some Chinese companies say they are pulling out of FPSA markets because a low share price fails to reflect the strength of their business. Withdrawing also eliminates the cost of complying with fascist Amerikan financial reporting rules.

Focus Media "has been seriously undervalued on (FPSA) stock markets" and being taken private will help to promote its "long-term strategic development," said company spokeswoman Lu Jing.