Chinese Property Agency, Facing US Delisting Threat Alongside JD, Nio, Gets A Breather In Hong Kong

Tencent Holdings TCEHY-backed Chinese property agency KE Holdings BEKE has received a regulatory nod for a dual-primary listing in Hong Kong, as it faces a possible delisting from U.S. exchanges. 

What Happened: KE Holdings is among a recently-updated list of 86 Chinese companies — including JD.com Inc. JD and Nio Inc. NIO — of U.S. Securities and Exchange Commission that face the risk of delisting amid a long-running auditing standoff between the United States and China. 

In a statement, the company said, it has received the go-ahead from the local stock exchange to list its Class A ordinary shares on the main board by way of introduction. The stock will start trading on May 11. 

The operator of housing platforms Beike Zhaofang and Lianjia has joined a slew of companies that are eying Hong Kong for dual listing amid the uncertain environment in the U.S. for the Chinese-listed companies. Recently, Nasdaq-listed short video platform Bilibili Inc BILI announced that it would convert its secondary listing status in Hong Kong into a dual-primary listing by Oct. 3.

Price Action: According to data from Benzinga Pro, KE Holdings shares closed 0.55% lower on Wednesday in the U.S. market.

Posted In: Chinese stocksDelisting RiskAsiaNewsMarketsTech

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.