Global index funds seek to shift out of Chinese ADRs as delisting looms Fintech Zoom World Finance


Source: fintechzoom.com fintechzoom.com

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3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__OOj6H” >SHANGHAI/ HON G KO NG, April 12 (Reuters) – Global index-tracking fund managers with exposure to U.S.-listed Chinese firms are pushing index providers to swap into their Hong Kong-traded peers as delisting risks threaten to roil the $37 billion market for China-focused exchange-traded funds (ETFs). 3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__OOj6H” >Washington is demanding complete access to the audit papers of these firms, a request so far denied by Beijing. Without a solution, Chinese American Depositary Receipts (ADRs) will be delisted by 2024, potentially bashing ETFs with big ADR exposure. 3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE...