From Yahoo Finance: 2025-05-09 23:00:00

U.S.-listed Chinese companies face delisting threats due to revived trade war tensions. Notable companies like JD.com, Alibaba, and PDD Holdings are at risk. Concerns over poor auditing standards and access to U.S. regulators have intensified since late February, prompting Chinese companies to explore secondary listings in Hong Kong.

Some U.S. lawmakers have expressed concerns about Chinese companies on U.S. stock exchanges. The NASDAQ Golden Dragon China Index is down by 7% since “Liberation Day.” Trump’s “America First Investment Plan” has raised questions about Chinese companies upholding U.S. auditing standards.

China agreed to let U.S. regulators review auditing documents in Hong Kong, calming investors. Still, U.S.-listed Chinese companies are exploring other options like secondary listings in Hong Kong. Geely Auto is taking its U.S.-listed EV brand Zeekr private to streamline operations and improve profitability.

Goldman Sachs estimates U.S. institutional investors hold about $830 billion worth of shares in Chinese companies. Some U.S.-listed Chinese companies are considering secondary listings in Hong Kong to mitigate delisting risks. Notably, Chinese companies like Chagee are pursuing U.S. IPOs despite geopolitical challenges.

Read more: The threat to kick China out of U.S. exchanges is growing, and Hong Kong stands to benefit