Stocks

China, US regulators sign deal to avoid delistings from New York

China and the US signed an agreement on audit regulation and will launch the cooperation in the near future, according to a statement. ...

Hong Kong auditor regulator says it will provide all necessary assistance for US-China cooperation

Hong Kong's Financial Reporting Council said it supports mutual cross-border cooperation and will provide all necessary assistance and make appropriate arrangements within its mand ...

China, US near deal on audit paper inspections of US-listed Chinese firms, report says

US accounting inspectors could arrive in Hong Kong as soon as next month to make sure it has full access to audit papers, paving the way for a final agreement. ...

Chinese EV trio's stocks fall in Hong Kong as overall market declines

In the meantime, stocks in the NEV industry chain in China's A-share market soared, with Gotion High-tech up 7.26 percent and CATL up 4.86 percent. ...

Ganfeng Lithium under probe by Chinese securities regulator for alleged insider trading

Ganfeng is suspected of insider trading in the shares of a company listed on China's A-share market, according to an announcement. ...

South Korean fund cuts Tesla holdings, favors Chinese EV makers including BYD and Xpeng

The fund added to its holdings in Chinese EV makers including BYD and Xpeng in March and April after "excessive drops". ...

CATL denies rumors that losses on its futures investments will drag down earnings

There have been rumors recently that CATL may recognize a loss on its futures investment in its first-half earnings report, leading to very poor second-quarter results. ...

BYD raises price cap on share buybacks as stock rises faster than it can execute

BYD previously announced a buyback price cap of RMB 300, but its shares have risen 40 percent in the past month to about RMB 330. ...

EV stocks rise in Hong Kong after China cuts interest rate

China's central bank today cut its benchmark LPR rate for 5-year and above by 15 basis points to 4.45 percent. ...

EV stocks fall in Hong Kong after US market selloff

At press time, Nio was down 5 percent in Hong Kong, ending a four-day winning streak. Xpeng was down 5.24 percent and Li Auto was down 2.39 percent. ...