What are Chinese ADRs?

What are Chinese ADRs?

A Chinese Depositary Receipt (CDR) is a type of depositary receipt (DR) that is traded on a Chinese stock exchange. In other words, it refers to shares in non-Chinese companies that trade in China the same way that American depositary receipts (ADRs) allow non-U.S. company shares to trade on American exchanges.

How many Chinese companies are listed on Nasdaq?

Summary: Linked here is table of Chinese companies listed on the NASDAQ, New York Stock Exchange, and NYSE American, the three largest U.S. exchanges. As of May 5, 2021, there were 248 Chinese companies listed on these U.S. exchanges with a total market capitalization of $2.1 trillion.

Which Chinese companies will be delisted?

The Securities and Exchange Commission has announced that five Chinese companies— BeiGene (BGNE), Yum China (YUMC), Zai Lab (ZLAB), ACM Research (ACMR), and Hutchmed (HCM)—may be delisted if they don’t meet U.S. accounting standards.

Is NIO an ADR or vie?

Like many Chinese companies with listings outside of China, Nio is a variable-interest entity, or VIE, a structure created in the 1990s as a workaround for Chinese companies that are not allowed to have direct foreign ownership.

Is Alibaba an ADR?

BABA is also listed in the U.S. as an ADR.

What is Netflix CDR?

Email: Contact: The underlying shares of Netflix Canadian depositary receipts (“CDRs”) (CAD Hedged) is Netflix Inc. common stock trading on the NASDAQ.

How many Chinese ADRS are there?

There are currently 252 Chinese companies that are listed on a U.S. stock exchange, either directly or as an ADR.

Will Chinese stocks be delisted?

Earlier this month, the Securities and Exchange Commission announced the first five Chinese companies at risk of delisting if they don’t comply with U.S. auditing rules by 2024: ACM Research (ticker: ACMR), BeiGene (BGNE), Hutchmed (China) (HCM), Yum China Holdings (YUMC), and Zai Lab (ZLAB).

Who owns NIO ADR?

American depositary shares, each representing one Class A ordinary share (NIO) Institutional Holdings | Nasdaq….New and Sold Out Positions.

SHARES HELD 13,749,756
CHANGE (%) 0.555%
VALUE (IN 1,000S) $273,758

What happens if Chinese ADRS are delisted?

If a U.S.-listed Chinese company like DiDi delists, there are essentially three possible outcomes for investors: a share buyback, share transfer, or share limbo. In a buyback scenario, the Chinese company could purchase its shares back from investors at a price agreed upon by shareholders—effectively going private.

How many ADRs are there?

Today, there are more than 2,000 ADRs available representing shares of companies located in more than 70 countries.