This is crazy. Baidu has just listed in Hong Kong. Many others will follow, like Bilibili, and then EV makers like Nio, Li Auto and Xpeng will all have secondary listings in Hong Kong.
Chinese Economics Thread
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Well that's exactly my thinking as well, and besides what's to stop the next Pompeo/Cotton douchebag from just force de-listing from the NYSE?
If US money wants in on the action, they better come to China
If US money wants in on the action, they better come to China
Thats capitalism. Follow the money. Thats not hard to figure out. US just magically print more money, where else the money will be thrown? It just make sense to list in US while the stimulus has not yet run out. For sure it will run out in next few months just like the previous two.
CEO of DIDI is daughter of Lenovo founder.
Unfortunately that's how it is. American stock is much bigger, and take money from people around the world. It's very easy for foreigner to invest in American stock. That's why Chinese financial markets started reforms.
If that happens, what becomes of the shareholder investment on the NYSE. Do those shares get transferred to the Hong Kong exchange or the company do a buyback? I own some Chinese shares on the American stock market from about 8months ago.
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Haha I think no.. This is why all this delisting thing is so funny.
It basically wipes the shares the Americans own.
And because now all these Chinese companies are looking to list themselves in HK, they are forcing the world capital to move to HK making it a bigger financial center than it already is.
Own goal from the US. And good move from DiDi. Get American money and if the US gov delist it then delete the American shares lol. Free money
Didi can't and won't list in Shanghai due to a large chunk of its shares are owned by foreign institutions. As for why not Hong Kong, it is just greed. Most Chinese elites still refuse to acknowledge the situation between the US and China is grim. Like companies such as Alibaba, Baidu, and Bilibili that were forced to do a secondary listing as they are afraid of being delisted by the US exchanges, Didi will face the same circumstance.
D
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