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Chinese firms threatened with Wall Street delisting

Five Chinese companies have been ordered to comply with audit requirements by the US Securities and Exchange Commission (SEC) or face delisting from Wall Street. The initial group of companies named on a list published by the commission on Thursday, could soon be followed by all Chinese companies listed in New York, none of which are currently complying with US regulations in this area. In total, 248 companies are affected, with a combined market capitalization of about US$2.1 trillion, an ad ho...
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Zai Lab (NASDAQ:ZLAB) Shares Gap Down After Analyst Downgrade

Zai Lab Limited (NASDAQ:ZLAB – Get Rating)’s stock price gapped down before the market opened on Wednesday after SVB Leerink lowered their price target on the stock from $194.00 to $102.00. The stock had previously closed at $52.55, but opened at $49.40. SVB Leerink currently has an outperform rating on the stock. Zai Lab shares […]
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