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U.S.- listed China shares are tumbling again with Alibaba down 9%

March 15, 2022
Source: mbn.media mbn.media
News Snapshot:
Shares of Chinese stocks listed in the U.S. are falling Monday as investors reassess their positions amid renewed delisting fears. Last week, the Securities and Exchange Commission identified five U.S.-listed American depositary receipts of Chinese companies that failed to comply with the Holding Foreign Companies Accountable Act%20is%20located%20in) , which led some Chinese companies’ stocks to fall. ADRs are shares of non-U.S. firms traded on U.S. exchanges. The act allows the SEC to delist and even ban companies from trading on U.S. exchanges if regulators cannot review company audits for three consecutive years. Yum China , BeiGene and Zai Lab ,...
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Tags: Alibaba | Apple | Baidu | ban | boycott | China | Chinese | commission | Covid-19 | delist | delisting | finance | financial | Foxconn | Guangdong | JD | military | online shopping | Russia | search engine | Shenzhen | stocks | technology | War | Yum

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