Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Political aide to the governor of Gilan Province in northern Iran: Air defenses in Rasht shot down a small hostile drone flying over the city
Israeli media: The presence of General Qaani at the “victory celebrations” in Tehran puts an end to the rumors and earlier reports claiming he had been assassinated
Israeli media: There is division within the US administration itself over the extent of what the strikes on Iran’s nuclear facilities actually achieved
Israeli media: US intelligence also says Iran’s centrifuges remained largely intact
Israeli media: Netanyahu and Trump celebrated too soon, as US intelligence says Iran’s uranium stockpile was not damaged
Israeli Channel 13: The objectives set by Netanyahu for the operation against Iran have not been achieved
Early US intel assessment suggests strikes on Iran did not destroy nuclear sites, CNN reports, citing sources
Israeli media platform: An additional soldier has been confirmed killed in the serious incident in Gaza, who had previously been considered "missing" for some time
Pezeshkian: History will not forget how Iran’s enemies broke their pledges and agreements, resorting to aggression and invasion even during negotiations
Israeli media: Between 14 and 16 soldiers were injured in the incident, which reportedly involved two separate units at the brigade and division level

US Alibaba delisting, others will make US market less attractive: GT

  • By Al Mayadeen English
  • Source: Global Times
  • 30 Jul 2022 23:40
2 Min Read

Washington's decision is bound to backfire according to Chinese media.

  • x
  • Alibaba will spend 20 billion yuan ($12.5 billion) to ease inequality in China.
    Alibaba and 3 other companies are set to be removed from the US market. 

The US securities regulator's latest move to put Alibaba Group and 3 other Chinese companies on the list of companies that could face delisting is a politically oriented threat that will cause a chilling effect on firms from other countries and regions and will further damage the international status of the US capital market, a Chinese expert said on Saturday.

On Friday, the US Securities and Exchange Commission added Alibaba, the largest US-listed Chinese company, and 3 other Chinese companies to a list of companies that are threatened to be removed, according to the Wall Street Journal.

A total of 159 out of 260 Chinese companies listed in the US market have been listed by the US SEC, according to ce.cn, a Chinese news outlet. 

This growing list in the US will cause chilling effects on companies from other countries, according to Mei Xinyu, a research fellow at the Chinese Academy of International Trade and Economic Cooperation. 

Related News

Pentagon employee charged with unlawfully retaining classified docs

US sent messages to Tehran requesting ceasefire: Iranian Deputy FM

"This will further damage the US capital market's international status," Mei said, stressing that if Washington uses political means to force companies to withdraw from the US market, the global capital will be forced to leave the US. 

On Friday, Alibaba's stock price fell 11%. The company has not yet responded to the US' latest action when it was approached by the Global Times.

The decision will have a short-term impact on Alibaba's stock price - but, the growth of these companies, and China's rising status in the economic landscape will determine the long-term stock price of the companies, according to Mei.

Alibaba announced on Tuesday that it will upgrade its secondary listing in the Hong Kong Strock Exchange (HKSE) to a primary one using a new exchange procedure that will enable dual primary listings.

Chinese companies leaving the US market will only make the US market less attractive to international capital, hurting it, according to experts. 

The China Securities Regulatory Commission said at the 2022 mid-year system supervision work conference said that China will continue to actively support the overseas listing of eligible companies.

  • United States
  • AliBaba
  • Securities and Exchange Commission SEC
  • China
  • US SEC

Most Read

Iranian President Masoud Pezeshkian attends a protest following the US attacks on nuclear sites in Iran, in Tehran, Iran, Sunday, June 22, 2025. (AP)

Iran declares victory as ceasefire forces Israeli retreat

  • Politics
  • 24 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • 22 Jun 2025
Rescue team work at the site where a missile launched from Iran struck Tel Aviv, Israel, Monday, June 16, 2025 (AP)

Wave 12 of Operation True Promise 3 launched, Sejjil deployed: IRGC

  • Politics
  • 18 Jun 2025
Iran launches strikes on Israeli targets, despite alleged ceasefire

Iran victorious as ceasefire with 'Israel' takes effect

  • Politics
  • 24 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
'Israel's' medical supply ban to Gaza threatens newborns' lives
Health

Gaza's newborns at risk as 'Israel' blocks baby formula, supplies

Tehran
MENA

Thousands rally in Tehran in support of Iranian Armed Forces

FT
Palestine

UK’s Co-op halts sales of Israeli carrots over rights violations

Israeli security forces inspect the site struck by an Iranian missile strike that killed several people, in Beer al-Sabe', Occupied Palestine, on Tuesday, June 24, 2025 (AP)
Politics

In numbers: Iran's True Promise 3 devastates 'Israel' in 12 days

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS