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Trump's new bill and Chinese companies


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You would have read about the new bill that just passed through the US Senate aimed at providing more reporting rigour for foreign companies listing on the US exchanges. Many are reporting that, if the bill passes the House, then it could result in many Chinese companies delisting and shifting to either the London or Hong Kong exchange (if they aren't there already).

My question: if you own shares in, say, Alibaba on the NYSE, and the Alibaba delists and shifts to the LSE, what happens to those shares you own on the NYSE? Do you lose them? Do they transfer? Cash out?

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