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Tag: Hong Kong Stock Exchange

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SEC Pushes Forward With Delisting Chinese Companies
On Dec. 2, the U.S. Securities and Exchange Commission (SEC) announced its final plan on implementing a new law that requires foreign companies to observe U.S. accounting rules and comply with information requests made by...
Chinese Ride Share Giant Didi
Chinese Authorities Ask Ride Sharing Giant Didi to Delist from New York Stock Exchange
As Chinese leader Xi Jinping’s crackdown on the nation’s big tech continues, the latest company to face issues is ride-sharing app Didi Chuxing Technology Co. On Nov. 25, Chinese regulators asked Didi’s top executives to...
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Alibaba Shares Plunge After Company Warns of Potential Slowdown
Shares of Chinese tech giant Alibaba have taken a hit after it reported a dismal performance for the quarter ending in September. The company’s net income declined by 87 percent year-on-year to 3.4 billion yuan...
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Chinese Hot Pot Chain Stock Plummets as Beijing Implements Harsh COVID-19 Restrictions
One of China’s most recognized hot pot chain brands witnessed a $4 billion dollar decline in its market value over a span of three days as a result of the government imposing strict international travel...
Trading of Evergrande Shares Halted; Worries Concerning Chinese Property Market Deepen
On Oct. 4, Evergrande halted trading of its shares on the Hong Kong Stock Exchange (HKSE) pending a “major transaction,” which some believe involves Chinese state companies buying up portions of the firm’s assets.   Evergrande...
Hundreds of Chinese Companies Might Soon be Delisted From American Stock Exchanges
Chinese firms have long secured funding from American capital markets without proper checks and balances. Such activities are heading towards their end as the U.S. implements new rules to hold foreign companies, raising capital from...