Email of the day on delisting Chinese shares from the US
Comment of the Day

August 16 2022

Commentary by Eoin Treacy

Email of the day on delisting Chinese shares from the US

Any opinion of BABA US delisting or Chinese Tech Stocks delisting and impact to their stock performance in HKEX

Eoin Treacy's view

Thank you for this question which raises an important consideration. This article from Reuters on August 1st may also be of interest. Here is a section: 

The Holding Foreign Companies Accountable Act (HFCAA) is intended to address a long-running dispute over the auditing compliance of U.S.-listed Chinese firms.

It aims to remove foreign companies from U.S. exchanges if they fail to comply with American auditing standards for three consecutive years.

Alibaba on Monday said being added to the list meant it was now considered to be in its first 'non inspection' year.

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