As More Chinese Companies Fail HFCAA Compliance, KraneShares Responds

In yet another blow for U.S.-listed Chinese stocks, the SEC has announced five companies out of China that have failed to comply with the Holding Foreign Companies Accountable Act (HFCAA), which means that the ADRs are set to be de-listed from U.S. markets in 2024. “KraneShares is transitioning out...