U.S.-listed Chinese tech companies cancel HK-listing plans -The Information - Reuters

Dec 28 (Reuters) - Major U.S.-listed Chinese companies, including Pinduoduo Inc (PDD.O) and Full Truck Alliance Co (YMM.N), person enactment discussions astir a imaginable Hong Kong listing connected hold, The Information reported connected Wednesday, citing radical acquainted with the matter.

The study comes aft a U.S. accounting watchdog said it had afloat entree to inspect and analyse firms successful China for the archetypal clip ever, removing the hazard that astir 200 Chinese companies could beryllium kicked disconnected U.S. banal exchanges amid rocky relations betwixt the world's largest economies.

While the Chinese ecommerce steadfast has paused discussions of a imaginable Hong Kong listing, freight institution Full Truck Alliance has scrapped its agelong clip plan, according to the report.

Companies specified arsenic Alibaba Group Holding (9988.HK), and JD.com (9618.HK), person moved to besides database successful Hong Kong implicit the past fewer years to hedge the hazard of imaginable delisting successful the United States owed to governmental disputes with China.

Pinduoduo and Full Truck Alliance did not instantly respond to a Reuters petition for comment.

Reporting by Akash Sriram successful Bengaluru; Editing by Anil D'Silva

Our Standards: The Thomson Reuters Trust Principles.