On March 8, Zai Lab, Yum China, Shengmei Semiconductor, BeiGene, and Chi-Med were listed on the "pre-delisting list" by the U.S. Securities and Exchange Commission (SEC).
The event marks that the SEC's supervision of Chinese concept stocks has officially entered the stage of legal enforcement.
In the following three months, the SEC has so far released eight batches of "pre-delisting lists" involving 149 companies.
When interviewed by Hong Kong 01, analysts from both Chinese and American banks in Hong Kong estimated that all Chinese concept stocks listed in the United States would be included in this list.
Hong Kong is obviously not immune to the struggle between China and the United States.
Hong Kong stocks were under pressure in March, with the Hang Seng Technology Index as low as 3,400 points and the Hang Seng Index as low as 18,415 points.
The savings of wage earners have also been implicated by the sanctions. In the first quarter of this year, the MPF recorded a loss of 76.2 billion yuan, the worst quarterly result in two years, with an average loss of tens of thousands of yuan.
However, on the other hand, the capital market has ushered in unprecedented new opportunities, because sanctions have driven the accelerated return of Chinese concept stocks listed in the United States to Hong Kong to resist the risk of delisting.
However, the market is also worried about the quality of Chinese concept stocks, investor confidence and the liquidity of Hong Kong stocks, and Hong Kong must be prepared.
From a macro point of view, the turmoil in Chinese stocks is the most typical event of the financial confrontation between China and the United States, and there are nothing more than two trends...
For details, please read the 321st issue of "Hong Kong 01" Electronic Weekly Newsletter (June 13, 2022) "
Perspective on the Delisting of Chinese Concept Stocks: What is Hong Kong's role in the ongoing financial war between China and the United States?
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This is the fourth one in the series of "China Concept Stocks Come to Hong Kong" series:
Chinese concept stocks come to Hong Kong.
1 | What is the role of Hong Kong in the ongoing financial war between China and the United States?
The turmoil in Chinese stocks is the most typical event of the financial confrontation between China and the United States.
(Associated Press)
China and the United States have discussed the supervision of Chinese stocks for 20 years. Although some achievements have been achieved and a cooperation framework has been established, many differences remain unresolved.
(Reuters)