瑞银：中概股退市担忧再度升温- 但预计此次影响较小

ab 11 April 2025 Global Research China Equity Strategy ADR delisting concerns rise again… expect less impact this time HK portion has likely overtaken the US part for ADRs The US Treasury Secretary in a media appearance indicated the possibility for US-listed China ADRs to be delisted as a part of the conditions for trade negotiations. While in 2021 and 2022 such delisting fears resulted in an average drawdown of 22% for the ADR names, we would expect any potential impact to be more manageable this time aro ...