The road to recovery for China stocks listed in the U.S.
On 26 Aug 2022, China state-affiliated media, Caixin Global, tweeted that regulators are in talks to prevent the delisting of China companies from U.S. stock exchanges.
This piece of good news sends China-concept stocks in U.S. to go higher, with Agriculture stock, CGA ( $China Green Agriculture(CGA.US$ ), up 35.5%. ![]()
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Solar energy stocks such as DQ ( $Daqo New Energy(DQ.US$ ) and JKS ( $JinkoSolar(JKS.US$ ) also returns 7.98% and 1.93% respectively.
Starbucks ( $Starbucks(SBUX.US$ ) competitor, Luckin Coffee ( $Luckin Coffee(LKNCY.US$ ), which was formerly NASDAQ: LK, had also made a comeback and getting bigger, with shares up 5.71% for the day.
Airline stocks such as China Eastern Airlines ( $China Eastern Airlines(CEA.US$ ), up 0.63%, had managed to stay in the green despite some of its flights affected by the U.S. Department of Transportation (USDOT) suspensions decision.
Hopefully these recovery efforts will help China stocks to stay listed in the U.S. exchanges, just like the recovery efforts that double the giant pandas in the wild. Can't wait to travel to Chengdu Research base of Giant Panda Breeding located in the province of Sichuan, China, to see those cute bear bear! ![]()
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That's all for today! ![]()
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Before you go to my next post, please remember to vote how much you had already invested in China concept stocks listed in the U.S. stock exchange.
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whqqq : After this news, BaBa and JD also rose
Mars MoooOP whqqq:
MonkeyGee : I just cant understand why most Americans are so stupid. if you think China cares about the ADR I got a mexican wall to sell you. do anyone even understand what ADRs are? It's like an uncollaterarize loan. Do you care if the loan document was destroyed? so at this point it's stupid for USA to make threats are removing ADRs because it will only hurt Americans. Can anyone understand this?