The government already gave them their āfineā, so I think thatās mostly settled.
With regard to a potential shock from Evergrande, I donāt really factor this as Iām a long term investor and it has little effect on the fundamentals of Alibaba.
I hope Freetrade can get access to Chinese markets soon. Iād really like to buy into some Chinese companies without the risk of losing my investment due to USA/China squabbling.
Iām not sure about this. Iād be long BABA if I didnāt think that Xi Jinping has an eye of history. They have huge wealth inequality in China and part the great levelling up me as dragging down some of these huge billionaire companies.
I donāt think itāll go to $0 but I think it could be low for quite a while.
I donāt mind it being low, I just donāt want to be exited if they delist. My holding is in SIPPs so I can hold for a very long time and average down if they restore some confidence.
The Chinese government is putting pressure on companies to list in China rather than the US. The article indicates that with the words āChinese regulators will restrict companiesā abilitiesā
@hsmith that is by no means certain. Ali Baba may offer ADR holders common stock on the HSE as happened when China Mobile delisted from NYSE. In this case the conversion may be offered on another Chinese exchange.
@AchillesFirstStand you will have to find a broker that does trade on the exchange that trades in any common stock that you may get offered.
āDidi said it is preparing to list in Hong Kong, and shareholders of its US listed shares will be able to convert their holdings to those on another stock exchange.ā
Hi @7iain7 welcome to the community, itās a shame your first post couldnāt be about something more positive. The problem is that nobody knows exactly what would happen . Options include -
Pull the rug out and you loose your money (unlikely)
China relent and it stays on the NYSE (also unlikely)
They move all shares into their Hong Kong listing and as FT donāt support HK youād probably need a new broker who could take them off your hands. As @bitflip mentioned above
Ali Baba may offer ADR holders common stock on the HSE as happened when China Mobile delisted from NYSE. In this case the conversion may be offered on another Chinese exchange.
Technically you donāt own any shares in AliBaba you own shares in a shell company based somewhere like Bermuda or The Cayman Islands. See above video for more info.