Alibaba may be delisted by US stocks?
Mysterious tycoons quietly transferred their positions of HK $92 billion of stock deposits back to Hong Kong.
Under the new auditing system in the US, Chinese stocks listed in the US are likely to be delisted. Including Tencent and Sense Time, large investors have gradually moved their stocks back to Hong Kong. The latest is Alibaba. "Mysterious large investors" quietly transferred their holdings to Hong Kong with a value of about HK $92 billion.
Alibaba's position adjustment has exceeded 13 billion shares in Hong Kong, a 28.5% surge over the same period last year, accounting for nearly 60% of the total shares, hitting a new high since its listing in Hong Kong.
Hong Kong's Economic Daily mentioned that Ali may be difficult to avoid being included in the scheduled delisting list by the Securities and Exchange Commission (SEC).
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whqqq : Alibaba is too powerful. I can't think of any strong reason for it to be delisted.
YC Xiao : Any that is too powerful will be the ulterior motive to delist.
Newbie Q : Sense Time is not listed in US...
whqqq Newbie Q: I think he or she means that someone bought a lot of SenseTime Hong Kong stocks?
Giovanni Ayala : Yeah that would be on the contraire
Dubrockid : no
Jeff Boyd : It just comes down to whether the CCP will allow quality checks of audits of Chinese firms as every other country whose shares are listed in the US do. If they don't, the law in the US, as currently on the books does not allow for them to not be delisted. Delisting isn't the end of the world. Hong Kong is a fine market with good regulators.