Hot Chinese ADRs Crashed in Morning Trading, With Bilibili Falling Over 3% and Alibaba Falling Nearly 2%

Tiger Newspress2022-08-12

Hot Chinese ADRs crashed in morning trading, with Bilibili falling over 3% and Alibaba falling nearly 2%.

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PearlynCSY
2022-08-14
PearlynCSY
SEVERAL Chinese state-owned companies including China Life Insurance and oil giant Sinopec announced plans on Friday(Aug 12) to delist from the US stock market.The companies, which also include Aluminium Corporation of China (Chalco) and PetroChina, said in separate statements that they would apply for delistings of their American Depository Shares from the New York Stock Exchange (NYSE).The four will keep their listings in Hong Kong and mainland Chinese markets.“These companies have strictly complied with the rules and regulatory requirements of the US capital market since their listing in the US and made the delisting choice for their own business considerations,” the China Securities Regulatory Commission (CSRC) said in a statement.China and the United States have been in talks to resol
miker9110
2022-08-14
miker9110
O
hphoa
2022-08-13
hphoa
Gd
r39
2022-08-13
r39
[Sad]
Footixx
2022-08-12
Footixx
😱
Andrewinho
2022-08-12
Andrewinho
Opportunity!! 🤭🤭🤭

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