Opinion: Is Hong Kong Ready for Chinese Tech Stocks Exiled From New York?
What a chaotic week we just had for U.S.-listed China tech stocks.
Last Friday, Didi’s announcement that it would delist from the New York Stock Exchange (NYSE) and seek a Hong Kong listing jolted the market, leading all U.S.-listed China tech stocks to plunge.
Last Thursday afternoon, the U.S. Securities and Exchange Commission adopted final amendments implementing the disclosure and submission requirements of the Holding Foreign Companies Accountable Act, requiring companies that fail to comply with the provisions to delist within three years.
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