Baidu and iQIYI Stocks Slid in Premarket Trading

Tiger Newspress2022-03-31

The Securities and Exchange Commission on Wednesday added Baidu Inc. to a growing list of companies that may get kicked off American stock exchanges.

The SEC’s publication of the businesses’ names is required by a 2020 U.S. law that started a three-year clock for firms to comply with inspection requirements that cover all public companies in the U.S. The SEC also added Futu Holdings Limited, Nocera Inc., iQIYI Inc. and CASI Pharmaceuticals Inc. to its provisional list for possible delisting.

Wall Street’s main watchdog has long been expected to crack down on about 200 New York-traded firms with parent companies based in China and Hong Kong because the jurisdictions refuse to allow the inspections. Still, the SEC’s recent publication of companies has jarred investors who’d been hoping for a deal between regulators in Beijing and Washington.

Baidu and iQIYI stocks slid in premarket trading Thursday.

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Comments

来人
2022-03-31
来人
Oh oh
Derrick3388
2022-03-31
Derrick3388
Nothing shock... just expect & price in all Chinese stocks will be delisted within 2 years time
Desmorado
2022-03-31
Desmorado
Jiak Sai Liao.....
BABASheep
2022-03-31
BABASheep
Expected and explained. No surprises, all 249 Chinese ADRs will be on that list. Empty bottles, PCAOB. Show some resolves instead of flogging a dead horse.
Bluemountain
2022-03-31
Bluemountain
Like please
dzgunners95
2022-03-31
dzgunners95
Cool

Leave a comment

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No surprises, all 249 Chinese ADRs will be on that&nbsp;list. Empty bottles, PCAOB. Show some resolves instead of flogging&nbsp;a dead horse.","listText":"Expected and explained. No surprises, all 249 Chinese ADRs will be on that&nbsp;list. Empty bottles, PCAOB. Show some resolves instead of flogging&nbsp;a dead horse.","text":"Expected and explained. No surprises, all 249 Chinese ADRs will be on that list. Empty bottles, PCAOB. Show some resolves instead of flogging a dead horse.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013635509","repostId":1103517365,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9013633823,"gmtCreate":1648715904123,"gmtModify":1676534384956,"author":{"id":"4087952202288230","authorId":"4087952202288230","name":"Bluemountain","avatar":"https://static.tigerbbs.com/e9fe6c545af9bf41514f1928016b50c3","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Like please&nbsp;","listText":"Like please&nbsp;","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013633823","repostId":1103517365,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9013695886,"gmtCreate":1648715199356,"gmtModify":1676534384836,"author":{"id":"3563319809929304","authorId":"3563319809929304","name":"dzgunners95","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013695886","repostId":1103517365,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":80,"commentSize":10,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1103517365"}