US-listed Chinese tech companies cancel HK-listing plans: report

Major U.S.-listed Chinese companies, including Pinduoduo Inc and Full Truck Alliance Co, have put discussions about a potential Hong Kong listing on hold, The Information reported on Wednesday, citing people familiar with the matter.

The report comes after a U.S. accounting watchdog said it had full access to inspect and investigate firms in China for the first time ever, removing the risk that around 200 Chinese companies could be kicked off U.S. stock exchanges amid rocky relations between the world’s largest economies.