Investors swap China holdings from Wall St to HK as delisting threat brews

Shanghai

GLOBAL fund managers are reducing their holdings in US-listed Chinese companies such as Alibaba, Netease and JD.com as risks grow they will be forced off American exchanges, switching instead into shares of the companies listed in Hong Kong.

Delisting risks surfaced last September, when US President Donald Trump's administration explored moves to kick Chinese companies off Wall Street unless they abide by US accounting standards, part of an escalating standoff between the world's top two economies.