Chinanews Finance, March 11 (Reporter Xie Yiguan) On March 10, local time, the European and American stock markets, which had just recovered some vitality, suffered another severe setback. Affected by the "pre-delisting list" of the US Securities Regulatory Commission, Chinese stocks suffered a "stunning night". ".

European and American stock markets closed down, Chinese stocks were "heavy hit"

  On March 10, Russian Foreign Minister Sergey Lavrov and Ukrainian Foreign Minister Kuleba held talks in Antalya, Turkey.

The dialogue, which has been called the "highest-level" dialogue between Russia and Ukraine since the conflict, lasted nearly two hours.

Despite discussions on improving humanitarian conditions and the withdrawal of Russian troops, the two sides have not made progress on key issues such as a ceasefire.

  Under the interference of the situation in Russia and Ukraine, European stock markets closed down again one after another. The British FTSE index fell by more than 1%, and the French CAC index and the German DAX index fell by nearly 3%.

The Dow fell 0.34%, the S&P 500 fell 0.43%, and the Nasdaq fell 0.95%.

European and American stock market indexes closed at the close.

  On the 10th, more than 3,500 A-share stocks rose, but the Chinese concept stocks on the other side of the ocean had a "tragic" day.

  As of the close, Yixian e-commerce fell 39.52%, Shell fell 23.93%, iQiyi fell 21.71%, Pinduoduo fell 17.49%, Good Future fell 16.72%, Jingdong fell 15.83%, Bilibili fell 14.10%, Gaotu , Ctrip, 360 Digits fell more than 12%, Tencent Music, Didi fell more than 10%, Vipshop, New Oriental, Xiaopeng Motors fell more than 9%, Alibaba, NetEase, Zhihu fell more than 7%, Weibo, Baidu fell more than 6%.

On March 10, local time, a list of some Chinese concept stocks that fell sharply.

  In addition, the Nasdaq Golden Dragon China Index, which tracks Chinese stocks, closed down 10%, the largest one-day drop since October 2008.

The SEC's "pre-delisting list" is the trigger

  Recently, the U.S. Securities and Exchange Commission (SEC) designated five U.S.-listed companies as “relevant issuers” at risk of delisting under the Foreign Company Accountability Act (HFCAA).

Including BeiGene, Yum China, Zai Lab, Shengmei Semiconductor, and Chi-Med.

Provisional list of issuers as determined by the SEC under the HFCAA.

  Among them, BeiGene is listed in the United States, Hong Kong and mainland China, Chi-Med Pharmaceuticals, Yum China, and Zai Lab are only listed in the United States and Hong Kong, and Shengmei Semiconductor is listed in the United States and mainland China (the A shares are "Shengmei Shanghai"). ”).

  May be affected by being included in the list, Shengmei Semiconductor fell by more than 22%, Yum China fell by nearly 11%, Zai Lab fell by more than 9%, Chi-Med Medicine fell by more than 6%, and BeiGene fell by more than 5%.

China Securities Regulatory Commission issued a response in the early morning

  In the early morning of March 11, the China Securities Regulatory Commission released the relevant person in charge to answer reporters' questions.

  Regarding the recent news released by the US Securities Regulatory Commission, five US-listed companies have been identified as "relevant issuers" with delisting risks in accordance with the "Foreign Company Accountability Act". The China Securities Regulatory Commission said that we have noticed this situation.

Screenshot of the official account of the China Securities Regulatory Commission.

  "This is a normal step for U.S. regulators to implement the Foreign Company Accountability Act and related implementation rules. We have stated our attitude on the implementation of the Foreign Company Accountability Act many times before. We respect foreign regulators' efforts to improve listing. The quality of the company's financial information strengthens the supervision of relevant accounting firms, but

firmly opposes the wrong practice of politicizing securities supervision by some forces

. We always adhere to the spirit of openness and cooperation, and

are willing to solve the inspection and investigation of relevant firms by the US regulatory authorities through regulatory cooperation. This is also in line with the common international practice

.”

  The China Securities Regulatory Commission also stated that recently, the China Securities Regulatory Commission and the Ministry of Finance have continued to communicate and dialogue with the American Public Company Accounting Oversight Board (PCAOB) and have made positive progress.

We believe that through joint efforts, the two sides will be able to make cooperation arrangements as soon as possible in line with the legal provisions and regulatory requirements of the two countries, jointly protect the legitimate rights and interests of global investors, and promote the healthy and stable development of the two countries' markets.

(over)