SEC China Regulators Stocks Delisting, Are Big Investment Firms Increasing Their Positions?

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XPEV XPeng Inc.
XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles in the People’s Republic of China. It offers SUVs under the G3 and G3i names; four-door sports sedans under the P7 name; and family sedans under the P5 name. The company also provides sales contracts, maintenance, super charging, vehicle leasing, insurance agency, ride-hailing, technical support, automotive loan referral and auto financing, music subscription, and other services. XPeng Inc. was founded in 2015 and is headquartered in Guangzhou, the People’s Republic of China.

LU Lufax Holding Ltd
Lufax Holding Ltd operates a technology-empowered personal financial services platform in China. It offers loan products, including unsecured loans and secured loans, as well as consumer finance loans. The company also provides wealth management platforms, such as Lufax (Lu.com), Lu International (Singapore), and Lu International (Hong Kong) to the middle class and affluent investors to invest in products and portfolios; retail credit facilitation services platform that offers small business owners with lending solutions; and technology empowerment solutions for financial institutions. Lufax Holding Ltd was founded in 2005 and is headquartered in Shanghai, China.

BABA Alibaba Group Holding Limited
Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others. The company operates Taobao Marketplace, a social commerce platform; Tmall, a third-party online and mobile commerce platform for brands and retailers; Alimama, a monetization platform; 1688.com and Alibaba.com, which are online wholesale marketplaces; AliExpress, a retail marketplace; Lazada,

NIO NIO Inc.
NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China. It offers five, six, and seven-seater electric SUVs, as well as smart electric sedans. The company is also involved in the provision of energy and service packages to its users; design and technology development activities; manufacture of e-powertrains, battery packs, and components; and sales and after sales management activities. In addition, it offers power solutions, including Power Home, a home charging solution; Power Swap, a battery swapping service; Power Charger, a fast-charging solution; Power Mobile, a mobile charging service through charging vans; Power Map, an application that provides access to a network of public chargers and their real-time information; and One Click for Power valet service, where it offers vehicle pick up, charging, and swapping services.

SEC's Gensler Casts Doubt on US-China Deal to Avoid Stock Delistings

Deadline approaching to reach a deal to avoid stock delistings
A 2024 deadline could be accelerated to 2023 if Congress acts

US Securities and Exchange Commission Chair Gary Gensler cast doubt on the possibility of a deal being reached with China on access to Chinese companies’ audit reports.

“I’m not particularly confident -- it’s really up to our counterparties,” Gensler said Wednesday during a media conference call, adding that “good-faith” negotiations continue “but there is a risk here.”
US and Chinese officials have been negotiating for more than two years to ensure staff from the Public Company Accounting Oversight Board can access the audit papers of Chinese companies traded in the US.

The two sides held calls this month to further negotiations aimed at keeping about 200 Chinese stocks including JD.com Inc., Alibaba Group Holding Ltd. and Pinduoduo Inc. from losing their listings on New York exchanges, and redactions in auditors’ documents are a key barrier.

Gensler declined to specify what was preventing the parties from reaching an agreement.

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