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广智大师
2023-09-12
散了,全部散了*坚持不下去了**
广智大师
2023-09-05
杰森斯坦森 ,全** 美股市行情分析报告
广智大师
2023-09-05
$特斯拉(TSLA)$
杰森斯坦森 全全***
广智大师
2022-04-15
这是要玩 营销手段吗?
五月份中国所有整车厂面临停产?专家:没有这么绝对
广智大师
2022-04-05
$Romeo Power, Inc.(RMO)$
加仓
广智大师
2022-04-05
$Faraday Future(FFIE)$
⛽️
广智大师
2021-12-06
3明年
抱歉,原内容已删除
广智大师
2021-12-01
什么信号
人民币兑美元中间价报6.3693,调升101个基点
广智大师
2021-11-25
我要抄底
法拉第未来盘前跌近8%!收到纳斯达克警示函
广智大师
2021-06-25
港股上市,美股一般什么走势?
双重上市VS二次上市:小鹏回港方式大揭秘
广智大师
2021-04-20
反垄断
抱歉,原内容已删除
广智大师
2021-03-12
阅读
@清北师兄:从70万到1000万(034):今天吃了大面,我还是持股没动
广智大师
2021-03-11
$小鹏汽车(XPEV)$
能再次看到 你去年口水战的那个晚上吗?
广智大师
2021-03-03
$小鹏汽车(XPEV)$
15刀 见
广智大师
2021-02-26
$小鹏汽车(XPEV)$
我日它哥啊!
广智大师
2021-02-25
$蔚来(NIO)$
别再📉了,要强平了!
广智大师
2021-02-22
$小鹏汽车(XPEV)$
微涨一天,大跌3天
广智大师
2021-02-14
春节之后的股票该怎么走?牛年是否能扭转乾坤呢?
广智大师
2021-02-10
$小鹏汽车(XPEV)$
盘尾迅速拉升,什么玩意?
广智大师
2021-02-09
你好健健康康快快乐乐平平安安健健康康啊来呀好开心😃?你是个好朋友不想
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,全** 美股市行情分析报告","listText":"杰森斯坦森 ,全** 美股市行情分析报告","text":"杰森斯坦森 ,全** 美股市行情分析报告","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/216608203305048","isVote":1,"tweetType":1,"viewCount":1105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":216607010767024,"gmtCreate":1693916051135,"gmtModify":1693916052117,"author":{"id":"3542171843096675","authorId":"3542171843096675","name":"广智大师","avatar":"https://static.tigerbbs.com/ea4d8440f9791e588f4b67e4c8b25d0d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3542171843096675","authorIdStr":"3542171843096675"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$ </a>杰森斯坦森 全全***","listText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$ </a>杰森斯坦森 全全***","text":"$特斯拉(TSLA)$ 杰森斯坦森 全全***","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/216607010767024","isVote":1,"tweetType":1,"viewCount":1028,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":613466434,"gmtCreate":1650005376925,"gmtModify":1650005376925,"author":{"id":"3542171843096675","authorId":"3542171843096675","name":"广智大师","avatar":"https://static.tigerbbs.com/ea4d8440f9791e588f4b67e4c8b25d0d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3542171843096675","authorIdStr":"3542171843096675"},"themes":[],"htmlText":"这是要玩 营销手段吗?","listText":"这是要玩 营销手段吗?","text":"这是要玩 营销手段吗?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/613466434","repostId":"1142125139","repostType":2,"repost":{"id":"1142125139","kind":"news","pubTimestamp":1650004944,"share":"https://www.laohu8.com/m/news/1142125139?lang=&edition=full","pubTime":"2022-04-15 14:42","market":"sh","language":"zh","title":"五月份中国所有整车厂面临停产?专家:没有这么绝对","url":"https://stock-news.laohu8.com/highlight/detail?id=1142125139","media":"华尔街见闻","summary":"只能说可能会出现大面积停产的现象。","content":"<html><head></head><body><p>4月14日晚,<a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a>董事长何小鹏通过<a href=\"https://laohu8.com/S/WB\">微博</a>官方认证账号发文称“如果上海和周边的供应链企业还无法找到动态复工复产的方式,五月份可能中国所有的整车厂都要停工停产了”。</p><p>中国汽车工业协会副秘书长、中国汽车工业经济技术信息研究所所长陈士华在接受采访时表示,“没有这么绝对,只能说可能会出现大面积停产的现像”。虽然一般车企在配件补充中断情况下依靠库存维持正常生产的时间有限,但是各生产企业供应链的具体情况不同,也有通过寻找替代渠道补充配件等生产资源来实现正常生产的可能性。不过,如果上海、吉林等地长期不能复工复产的话,肯定会对中国汽车行业带来负面影响。(国是直通车)</p><p><b>相关阅读</b></p><p><a href=\"https://laohu8.com/NW/2227720336\" target=\"_blank\"><b>何小鹏:若供应链企业无法动态复产,5月全国整车厂或停工</b></a></p></body></html>","source":"highlight_wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>五月份中国所有整车厂面临停产?专家:没有这么绝对</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ 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}\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n五月份中国所有整车厂面临停产?专家:没有这么绝对\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-15 14:42 北京时间 <a href=https://wallstreetcn.com/livenews/2167901><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>4月14日晚,小鹏汽车董事长何小鹏通过微博官方认证账号发文称“如果上海和周边的供应链企业还无法找到动态复工复产的方式,五月份可能中国所有的整车厂都要停工停产了”。中国汽车工业协会副秘书长、中国汽车工业经济技术信息研究所所长陈士华在接受采访时表示,“没有这么绝对,只能说可能会出现大面积停产的现像”。虽然一般车企在配件补充中断情况下依靠库存维持正常生产的时间有限,但是各生产企业供应链的具体情况不同,也...</p>\n\n<a href=\"https://wallstreetcn.com/livenews/2167901\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b372737679d5d673d181aeea27a71ab3","relate_stocks":{"BK0014":"新能源汽车"},"source_url":"https://wallstreetcn.com/livenews/2167901","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1142125139","content_text":"4月14日晚,小鹏汽车董事长何小鹏通过微博官方认证账号发文称“如果上海和周边的供应链企业还无法找到动态复工复产的方式,五月份可能中国所有的整车厂都要停工停产了”。中国汽车工业协会副秘书长、中国汽车工业经济技术信息研究所所长陈士华在接受采访时表示,“没有这么绝对,只能说可能会出现大面积停产的现像”。虽然一般车企在配件补充中断情况下依靠库存维持正常生产的时间有限,但是各生产企业供应链的具体情况不同,也有通过寻找替代渠道补充配件等生产资源来实现正常生产的可能性。不过,如果上海、吉林等地长期不能复工复产的话,肯定会对中国汽车行业带来负面影响。(国是直通车)相关阅读何小鹏:若供应链企业无法动态复产,5月全国整车厂或停工","news_type":1},"isVote":1,"tweetType":1,"viewCount":1702,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":619166512,"gmtCreate":1649116609205,"gmtModify":1649116609205,"author":{"id":"3542171843096675","authorId":"3542171843096675","name":"广智大师","avatar":"https://static.tigerbbs.com/ea4d8440f9791e588f4b67e4c8b25d0d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3542171843096675","authorIdStr":"3542171843096675"},"themes":[],"htmlText":"<a 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href=\"https://laohu8.com/S/FFIE\">法拉第未来</a>盘前跌近8%,公司于11月17日收到纳斯达克股票市场的信函,称该公司不符合纳斯达克上市规则。</p>\n<p><img src=\"https://static.tigerbbs.com/453d5db033b97045dc4469bdb899eabe\" tg-width=\"889\" tg-height=\"819\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/76824cd4c5b97eaacdaab63d96995a28","relate_stocks":{"FFIE":"Faraday Future"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156569295","content_text":"11月24日,法拉第未来盘前跌近8%,公司于11月17日收到纳斯达克股票市场的信函,称该公司不符合纳斯达克上市规则。","news_type":1},"isVote":1,"tweetType":1,"viewCount":2748,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":122929177,"gmtCreate":1624593817099,"gmtModify":1624593817099,"author":{"id":"3542171843096675","authorId":"3542171843096675","name":"广智大师","avatar":"https://static.tigerbbs.com/ea4d8440f9791e588f4b67e4c8b25d0d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3542171843096675","authorIdStr":"3542171843096675"},"themes":[],"htmlText":"港股上市,美股一般什么走势?","listText":"港股上市,美股一般什么走势?","text":"港股上市,美股一般什么走势?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/122929177","repostId":"1111873217","repostType":4,"repost":{"id":"1111873217","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624591804,"share":"https://www.laohu8.com/m/news/1111873217?lang=&edition=full","pubTime":"2021-06-25 11:30","market":"us","language":"zh","title":"双重上市VS二次上市:小鹏回港方式大揭秘","url":"https://stock-news.laohu8.com/highlight/detail?id=1111873217","media":"老虎资讯综合","summary":"距去年8月成功赴美上市不到一年时间,小鹏汽车便筹备回港IPO欲“双重上市”。\n6月24日晚8时,小鹏汽车发布了招股说明书补充公告称,将发行8500万股A类普通股作为全球发行的一部分,香港公开发售425","content":"<p>距去年8月成功赴美上市不到一年时间,小鹏汽车便筹备回港IPO欲“双重上市”。</p>\n<p>6月24日晚8时,小鹏汽车发布了招股说明书补充公告称,将发行8500万股A类普通股作为全球发行的一部分,香港公开发售425万股A类普通股,股票代码为“9868”。小鹏汽车表示本次香港公开发行的最高发行价为每股180港元或23.19美元(相等于每ADS 46.39美元)。</p>\n<p>股东方面,招股书显示,小鹏汽车联合创始人、董事长兼首席执行官何小鹏及其关联公司为小鹏汽车控股股东,持股21.75%;淘宝中国持股11.9%,IDG资本持股4.8%。</p>\n<p><b>双重上市</b></p>\n<p>小鹏这次在香港上市属于双重上市,受美国SEC和香港SFC双方的监管。一般来说,这种情况会比二次上市更为严格。</p>\n<p>公开资料显示,在合格交易所(如纽交所、纳斯达克等)作主要上市的企业,允许在港作第二上市,但需符合几大条件,包括企业必须是创新产业公司、在至少最近两个完整会计年度于合格交易所上市的合规纪录良好,以及申请人于香港第二上市时的总市值不少于400亿港币,或上市时的总市值不少于100亿港币并且最近一个经审计会计年度的收益不少于10亿港币等。</p>\n<p><img src=\"https://static.tigerbbs.com/838250cba049e1143da065f263f2555f\" tg-width=\"640\" tg-height=\"481\" referrerpolicy=\"no-referrer\"></p>\n<p>图片来源:港交所官网截图</p>\n<p>小鹏此次以目前较少见的“双重主要上市”(Dual Primary Listing)方式回归港股,主要因其距此前美股上市(去年8月27日)的间隔时间较短,不符合二次上市中对于上市主体在另一家符合条件的交易所至少有两年良好监管合规记录的要求。</p>\n<p><b>双重上市VS二次上市,这些你需要了解</b></p>\n<p>中概股企业回归港股可以有不同路径,主要分为:1)私有化退市后再来港申请上市;2)在香港主要上市(双重上市);3)二次上市。</p>\n<p>由于私有化退市成本较高,且退市后重新上市面临一定的不确定性,因此我们这里着重讨论较为主流的双重上市和二次上市。</p>\n<p>一、基本概念对比</p>\n<p><b>双重上市(dual primary listing)</b>,是指两个资本市场均为第一上市地。已经在美国市场上市情况下,在香港市场按当地市场规则发行上市,<b>其须遵守的规则与在香港首次公开发行股份的公司要求完全一致,两市场股票无法跨市场流通,股价表现相对独立,可能产生价差。</b></p>\n<p><b>二次上市(secondary listing)</b>,是指公司在两地上市相同类型的股票,通过国际托管行和证券经纪商,实现股份跨市场流通,这种方式主要以存托凭证(Depository Receipts,简称DR)的形式存在。</p>\n<p>在这种发行方式下,先由银行购买一定量外国公司的股票,并且把这些股票全部托管在银行当中,银行再把拥有的这些股票打包在一起,出售代表着这一篮子股票的证券,而在美国,这些证券就被叫做ADR。</p>\n<p>如果公司以融资型DR二次上市,基础股份来源是公司<b>新发行</b>的普通股。在定价上,对应DR是以定价日当天,<b>公司在原市场的市价作为参考价进行折算</b>,并由发行人与承销商协定后确定一个价格,<b>这也是阿里巴巴、百度、网易等大多数中概股回港选择的二次上市方式。</b></p>\n<p><img src=\"https://static.tigerbbs.com/aedbf89dbca50f88d67ea9b17e00711b\" tg-width=\"554\" tg-height=\"385\" referrerpolicy=\"no-referrer\"><b>二、发行政策对比</b></p>\n<p>1.双重上市</p>\n<p><b>相比二次上市,双重上市需要同时满足两地对于上市公司的各项管理要求,整体要求会严格许多。</b>若企业选择在香港作双重主要上市,其须遵守的规则与对在香港首次公开发行股份的公司要求没有不同,必须遵守港交所的所有相关《上市规则》,2018年新修订的《上市规则》对大中华及海外公司在港上市做了详细规定。</p>\n<p><img src=\"https://static.tigerbbs.com/6fb14b368fc4c05637cc2bef4e7cc012\" tg-width=\"1176\" tg-height=\"908\" referrerpolicy=\"no-referrer\">2.二次上市</p>\n<p>若企业仅在香港作二次上市的,联交所预期公司证券将主要在海外交易所交易并受主要上市地监管机关监管,故对寻求二次上市的申请人,<b>联交所会采取相对宽松的审核标准,而且有多项豁免和优待政策。</b></p>\n<p>二次上市要求上市公司可保留现行<b>VIE结构</b>及不同投票权架构需满足一定要求(已上市板块、已上市时间和市值规模)等,同时为符合条件且想要回中国市场融资的公司提供办法指引。具体为:</p>\n<p>1) 必须已在合资格上市交易所(纽约证券交易所、纳斯达克证券市场或伦敦证券交易所主市场)上市且于至少两个完整会计年度期间保持良好合规记录;</p>\n<p>2) 上市时市值至少400 亿港元,或上市时至少100 亿港元,且最近一个经审计会计年度收入至少10 亿港元。</p>\n<p><img src=\"https://static.tigerbbs.com/32ed61892f9a843d4554d952d87d1283\" tg-width=\"1182\" tg-height=\"756\" referrerpolicy=\"no-referrer\"><b>三、流通性对比</b></p>\n<p>1.双重上市:<b>两地上市股票无法跨市场流通</b>,且如上所述,通常两个市场需要分别定价,如「A+H股」。</p>\n<p>2.二次上市:中概股发行的ADR (美国存托凭证) 与港股完全可兑换的属性使<b>二次上市股在香港市场价格与美国市场紧密相连</b>。由于两地股份完全可兑换,加上港币挂钩美元,因此在忽略的一些税费、以及交易时间与成本的摩擦后,两地价差基本可以忽略。</p>\n<p><b>四、优劣势讨论</b></p>\n<p>1.双重上市</p>\n<p>优势是完全<b>满足两地监管要求</b>,和本地上市没有太大区别,更容易被国际投资者接受,也<b>更易于符合A股市场监管纳入港股通以及为之后回A股市场三次上市奠定基础。</b></p>\n<p>例如百济神州于2020年9月4日被正式被纳入港股通标的,而在美国和香港双重上市之后,继而迈开回归A股的步伐。2021年1月29日,上交所正式受理百济神州科创板上市申请。百济神州拟募资200亿元,由中金公司、高盛高华保荐,若此次成功登陆科创板,将成为首个三地上市(美股+H股+A股)的创新药企。</p>\n<p>从公司的角度来讲,双重上市<b>扩大了其股东基础,提升了全球市场的影响力</b>,从而使公司可以在其他证券市场上进行融资,并进一步将业务扩展到其他市场。</p>\n<p>劣势是需要同时满足两地监管要求,<b>上市流程更加复杂,需要花费更多的时间和成本。</b></p>\n<p>2.两地上市</p>\n<p>优势是监管上需要满足的要求比较简单,相对双重上市有较多豁免优待条款,上市成本较低。</p>\n<p>劣势是:定价和原市场基本一致,认购时<b>如果原市场价格波动,跌出定价区间,则打新破发风险较高</b>;另一个劣势是<b>未来被纳入港股通难度较大</b>(内地曾与港交所达成过一项协议,协议的内容包括将第二上市和具有加权投票权的公司排除在沪、深港通的名单外,除非上交所、深交所、香港联交所重新修改协议)。</p>\n<p><b>一图看懂小鹏汽车</b><img src=\"https://static.tigerbbs.com/78aaa4fc67a4d4dd193d2129251af81b\" tg-width=\"750\" tg-height=\"13429\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>双重上市VS二次上市:小鹏回港方式大揭秘</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n双重上市VS二次上市:小鹏回港方式大揭秘\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-06-25 11:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>距去年8月成功赴美上市不到一年时间,小鹏汽车便筹备回港IPO欲“双重上市”。</p>\n<p>6月24日晚8时,小鹏汽车发布了招股说明书补充公告称,将发行8500万股A类普通股作为全球发行的一部分,香港公开发售425万股A类普通股,股票代码为“9868”。小鹏汽车表示本次香港公开发行的最高发行价为每股180港元或23.19美元(相等于每ADS 46.39美元)。</p>\n<p>股东方面,招股书显示,小鹏汽车联合创始人、董事长兼首席执行官何小鹏及其关联公司为小鹏汽车控股股东,持股21.75%;淘宝中国持股11.9%,IDG资本持股4.8%。</p>\n<p><b>双重上市</b></p>\n<p>小鹏这次在香港上市属于双重上市,受美国SEC和香港SFC双方的监管。一般来说,这种情况会比二次上市更为严格。</p>\n<p>公开资料显示,在合格交易所(如纽交所、纳斯达克等)作主要上市的企业,允许在港作第二上市,但需符合几大条件,包括企业必须是创新产业公司、在至少最近两个完整会计年度于合格交易所上市的合规纪录良好,以及申请人于香港第二上市时的总市值不少于400亿港币,或上市时的总市值不少于100亿港币并且最近一个经审计会计年度的收益不少于10亿港币等。</p>\n<p><img src=\"https://static.tigerbbs.com/838250cba049e1143da065f263f2555f\" tg-width=\"640\" tg-height=\"481\" referrerpolicy=\"no-referrer\"></p>\n<p>图片来源:港交所官网截图</p>\n<p>小鹏此次以目前较少见的“双重主要上市”(Dual Primary Listing)方式回归港股,主要因其距此前美股上市(去年8月27日)的间隔时间较短,不符合二次上市中对于上市主体在另一家符合条件的交易所至少有两年良好监管合规记录的要求。</p>\n<p><b>双重上市VS二次上市,这些你需要了解</b></p>\n<p>中概股企业回归港股可以有不同路径,主要分为:1)私有化退市后再来港申请上市;2)在香港主要上市(双重上市);3)二次上市。</p>\n<p>由于私有化退市成本较高,且退市后重新上市面临一定的不确定性,因此我们这里着重讨论较为主流的双重上市和二次上市。</p>\n<p>一、基本概念对比</p>\n<p><b>双重上市(dual primary listing)</b>,是指两个资本市场均为第一上市地。已经在美国市场上市情况下,在香港市场按当地市场规则发行上市,<b>其须遵守的规则与在香港首次公开发行股份的公司要求完全一致,两市场股票无法跨市场流通,股价表现相对独立,可能产生价差。</b></p>\n<p><b>二次上市(secondary listing)</b>,是指公司在两地上市相同类型的股票,通过国际托管行和证券经纪商,实现股份跨市场流通,这种方式主要以存托凭证(Depository Receipts,简称DR)的形式存在。</p>\n<p>在这种发行方式下,先由银行购买一定量外国公司的股票,并且把这些股票全部托管在银行当中,银行再把拥有的这些股票打包在一起,出售代表着这一篮子股票的证券,而在美国,这些证券就被叫做ADR。</p>\n<p>如果公司以融资型DR二次上市,基础股份来源是公司<b>新发行</b>的普通股。在定价上,对应DR是以定价日当天,<b>公司在原市场的市价作为参考价进行折算</b>,并由发行人与承销商协定后确定一个价格,<b>这也是阿里巴巴、百度、网易等大多数中概股回港选择的二次上市方式。</b></p>\n<p><img src=\"https://static.tigerbbs.com/aedbf89dbca50f88d67ea9b17e00711b\" tg-width=\"554\" tg-height=\"385\" referrerpolicy=\"no-referrer\"><b>二、发行政策对比</b></p>\n<p>1.双重上市</p>\n<p><b>相比二次上市,双重上市需要同时满足两地对于上市公司的各项管理要求,整体要求会严格许多。</b>若企业选择在香港作双重主要上市,其须遵守的规则与对在香港首次公开发行股份的公司要求没有不同,必须遵守港交所的所有相关《上市规则》,2018年新修订的《上市规则》对大中华及海外公司在港上市做了详细规定。</p>\n<p><img src=\"https://static.tigerbbs.com/6fb14b368fc4c05637cc2bef4e7cc012\" tg-width=\"1176\" tg-height=\"908\" referrerpolicy=\"no-referrer\">2.二次上市</p>\n<p>若企业仅在香港作二次上市的,联交所预期公司证券将主要在海外交易所交易并受主要上市地监管机关监管,故对寻求二次上市的申请人,<b>联交所会采取相对宽松的审核标准,而且有多项豁免和优待政策。</b></p>\n<p>二次上市要求上市公司可保留现行<b>VIE结构</b>及不同投票权架构需满足一定要求(已上市板块、已上市时间和市值规模)等,同时为符合条件且想要回中国市场融资的公司提供办法指引。具体为:</p>\n<p>1) 必须已在合资格上市交易所(纽约证券交易所、纳斯达克证券市场或伦敦证券交易所主市场)上市且于至少两个完整会计年度期间保持良好合规记录;</p>\n<p>2) 上市时市值至少400 亿港元,或上市时至少100 亿港元,且最近一个经审计会计年度收入至少10 亿港元。</p>\n<p><img src=\"https://static.tigerbbs.com/32ed61892f9a843d4554d952d87d1283\" tg-width=\"1182\" tg-height=\"756\" referrerpolicy=\"no-referrer\"><b>三、流通性对比</b></p>\n<p>1.双重上市:<b>两地上市股票无法跨市场流通</b>,且如上所述,通常两个市场需要分别定价,如「A+H股」。</p>\n<p>2.二次上市:中概股发行的ADR (美国存托凭证) 与港股完全可兑换的属性使<b>二次上市股在香港市场价格与美国市场紧密相连</b>。由于两地股份完全可兑换,加上港币挂钩美元,因此在忽略的一些税费、以及交易时间与成本的摩擦后,两地价差基本可以忽略。</p>\n<p><b>四、优劣势讨论</b></p>\n<p>1.双重上市</p>\n<p>优势是完全<b>满足两地监管要求</b>,和本地上市没有太大区别,更容易被国际投资者接受,也<b>更易于符合A股市场监管纳入港股通以及为之后回A股市场三次上市奠定基础。</b></p>\n<p>例如百济神州于2020年9月4日被正式被纳入港股通标的,而在美国和香港双重上市之后,继而迈开回归A股的步伐。2021年1月29日,上交所正式受理百济神州科创板上市申请。百济神州拟募资200亿元,由中金公司、高盛高华保荐,若此次成功登陆科创板,将成为首个三地上市(美股+H股+A股)的创新药企。</p>\n<p>从公司的角度来讲,双重上市<b>扩大了其股东基础,提升了全球市场的影响力</b>,从而使公司可以在其他证券市场上进行融资,并进一步将业务扩展到其他市场。</p>\n<p>劣势是需要同时满足两地监管要求,<b>上市流程更加复杂,需要花费更多的时间和成本。</b></p>\n<p>2.两地上市</p>\n<p>优势是监管上需要满足的要求比较简单,相对双重上市有较多豁免优待条款,上市成本较低。</p>\n<p>劣势是:定价和原市场基本一致,认购时<b>如果原市场价格波动,跌出定价区间,则打新破发风险较高</b>;另一个劣势是<b>未来被纳入港股通难度较大</b>(内地曾与港交所达成过一项协议,协议的内容包括将第二上市和具有加权投票权的公司排除在沪、深港通的名单外,除非上交所、深交所、香港联交所重新修改协议)。</p>\n<p><b>一图看懂小鹏汽车</b><img src=\"https://static.tigerbbs.com/78aaa4fc67a4d4dd193d2129251af81b\" tg-width=\"750\" tg-height=\"13429\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ad2dd670f9557c66480c84fc5e4bd415","relate_stocks":{"XPEV":"小鹏汽车"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111873217","content_text":"距去年8月成功赴美上市不到一年时间,小鹏汽车便筹备回港IPO欲“双重上市”。\n6月24日晚8时,小鹏汽车发布了招股说明书补充公告称,将发行8500万股A类普通股作为全球发行的一部分,香港公开发售425万股A类普通股,股票代码为“9868”。小鹏汽车表示本次香港公开发行的最高发行价为每股180港元或23.19美元(相等于每ADS 46.39美元)。\n股东方面,招股书显示,小鹏汽车联合创始人、董事长兼首席执行官何小鹏及其关联公司为小鹏汽车控股股东,持股21.75%;淘宝中国持股11.9%,IDG资本持股4.8%。\n双重上市\n小鹏这次在香港上市属于双重上市,受美国SEC和香港SFC双方的监管。一般来说,这种情况会比二次上市更为严格。\n公开资料显示,在合格交易所(如纽交所、纳斯达克等)作主要上市的企业,允许在港作第二上市,但需符合几大条件,包括企业必须是创新产业公司、在至少最近两个完整会计年度于合格交易所上市的合规纪录良好,以及申请人于香港第二上市时的总市值不少于400亿港币,或上市时的总市值不少于100亿港币并且最近一个经审计会计年度的收益不少于10亿港币等。\n\n图片来源:港交所官网截图\n小鹏此次以目前较少见的“双重主要上市”(Dual Primary Listing)方式回归港股,主要因其距此前美股上市(去年8月27日)的间隔时间较短,不符合二次上市中对于上市主体在另一家符合条件的交易所至少有两年良好监管合规记录的要求。\n双重上市VS二次上市,这些你需要了解\n中概股企业回归港股可以有不同路径,主要分为:1)私有化退市后再来港申请上市;2)在香港主要上市(双重上市);3)二次上市。\n由于私有化退市成本较高,且退市后重新上市面临一定的不确定性,因此我们这里着重讨论较为主流的双重上市和二次上市。\n一、基本概念对比\n双重上市(dual primary listing),是指两个资本市场均为第一上市地。已经在美国市场上市情况下,在香港市场按当地市场规则发行上市,其须遵守的规则与在香港首次公开发行股份的公司要求完全一致,两市场股票无法跨市场流通,股价表现相对独立,可能产生价差。\n二次上市(secondary listing),是指公司在两地上市相同类型的股票,通过国际托管行和证券经纪商,实现股份跨市场流通,这种方式主要以存托凭证(Depository Receipts,简称DR)的形式存在。\n在这种发行方式下,先由银行购买一定量外国公司的股票,并且把这些股票全部托管在银行当中,银行再把拥有的这些股票打包在一起,出售代表着这一篮子股票的证券,而在美国,这些证券就被叫做ADR。\n如果公司以融资型DR二次上市,基础股份来源是公司新发行的普通股。在定价上,对应DR是以定价日当天,公司在原市场的市价作为参考价进行折算,并由发行人与承销商协定后确定一个价格,这也是阿里巴巴、百度、网易等大多数中概股回港选择的二次上市方式。\n二、发行政策对比\n1.双重上市\n相比二次上市,双重上市需要同时满足两地对于上市公司的各项管理要求,整体要求会严格许多。若企业选择在香港作双重主要上市,其须遵守的规则与对在香港首次公开发行股份的公司要求没有不同,必须遵守港交所的所有相关《上市规则》,2018年新修订的《上市规则》对大中华及海外公司在港上市做了详细规定。\n2.二次上市\n若企业仅在香港作二次上市的,联交所预期公司证券将主要在海外交易所交易并受主要上市地监管机关监管,故对寻求二次上市的申请人,联交所会采取相对宽松的审核标准,而且有多项豁免和优待政策。\n二次上市要求上市公司可保留现行VIE结构及不同投票权架构需满足一定要求(已上市板块、已上市时间和市值规模)等,同时为符合条件且想要回中国市场融资的公司提供办法指引。具体为:\n1) 必须已在合资格上市交易所(纽约证券交易所、纳斯达克证券市场或伦敦证券交易所主市场)上市且于至少两个完整会计年度期间保持良好合规记录;\n2) 上市时市值至少400 亿港元,或上市时至少100 亿港元,且最近一个经审计会计年度收入至少10 亿港元。\n三、流通性对比\n1.双重上市:两地上市股票无法跨市场流通,且如上所述,通常两个市场需要分别定价,如「A+H股」。\n2.二次上市:中概股发行的ADR (美国存托凭证) 与港股完全可兑换的属性使二次上市股在香港市场价格与美国市场紧密相连。由于两地股份完全可兑换,加上港币挂钩美元,因此在忽略的一些税费、以及交易时间与成本的摩擦后,两地价差基本可以忽略。\n四、优劣势讨论\n1.双重上市\n优势是完全满足两地监管要求,和本地上市没有太大区别,更容易被国际投资者接受,也更易于符合A股市场监管纳入港股通以及为之后回A股市场三次上市奠定基础。\n例如百济神州于2020年9月4日被正式被纳入港股通标的,而在美国和香港双重上市之后,继而迈开回归A股的步伐。2021年1月29日,上交所正式受理百济神州科创板上市申请。百济神州拟募资200亿元,由中金公司、高盛高华保荐,若此次成功登陆科创板,将成为首个三地上市(美股+H股+A股)的创新药企。\n从公司的角度来讲,双重上市扩大了其股东基础,提升了全球市场的影响力,从而使公司可以在其他证券市场上进行融资,并进一步将业务扩展到其他市场。\n劣势是需要同时满足两地监管要求,上市流程更加复杂,需要花费更多的时间和成本。\n2.两地上市\n优势是监管上需要满足的要求比较简单,相对双重上市有较多豁免优待条款,上市成本较低。\n劣势是:定价和原市场基本一致,认购时如果原市场价格波动,跌出定价区间,则打新破发风险较高;另一个劣势是未来被纳入港股通难度较大(内地曾与港交所达成过一项协议,协议的内容包括将第二上市和具有加权投票权的公司排除在沪、深港通的名单外,除非上交所、深交所、香港联交所重新修改协议)。\n一图看懂小鹏汽车","news_type":1},"isVote":1,"tweetType":1,"viewCount":2612,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":371983933,"gmtCreate":1618901746622,"gmtModify":1618901746622,"author":{"id":"3542171843096675","authorId":"3542171843096675","name":"广智大师","avatar":"https://static.tigerbbs.com/ea4d8440f9791e588f4b67e4c8b25d0d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3542171843096675","authorIdStr":"3542171843096675"},"themes":[],"htmlText":"反垄断","listText":"反垄断","text":"反垄断","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/371983933","repostId":"1154313109","repostType":4,"isVote":1,"tweetType":1,"viewCount":2434,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":328414526,"gmtCreate":1615550237765,"gmtModify":1703490783585,"author":{"id":"3542171843096675","authorId":"3542171843096675","name":"广智大师","avatar":"https://static.tigerbbs.com/ea4d8440f9791e588f4b67e4c8b25d0d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3542171843096675","authorIdStr":"3542171843096675"},"themes":[],"htmlText":"阅读","listText":"阅读","text":"阅读","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/328414526","repostId":"329103268","repostType":1,"repost":{"id":329103268,"gmtCreate":1615213561154,"gmtModify":1703485756779,"author":{"id":"3474101744197362","authorId":"3474101744197362","name":"清北师兄","avatar":"https://static.tigerbbs.com/c06b400599a90291fc5652d4b9a22a21","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3474101744197362","authorIdStr":"3474101744197362"},"themes":[],"title":"从70万到1000万(034):今天吃了大面,我还是持股没动","htmlText":"我上周五的时候按照规则操作进行了满仓,今天市场跌得一塌糊涂,我也吃了为数不多的大面。我还记得上一次吃大面是在去年12月9号,我买的票有两只几乎跌停,同样损失惨重,那次操作依旧是按照规则进行,当天收盘没有出现卖出信号,我也是依旧持有。第二天股市小涨,第三天又来一个大跌,又导致我损失惨重,但依旧没有出现卖出信号。后面的情景大家可能知道了,股市涨跌波动,最后开始持续上涨,距离我买入的点大盘涨了6%,我买的票整体涨了13%左右,历时一个月,后面出现卖出信号,我获利卖出。中间股市涨涨跌跌,但是因为没有出现操作信号,我也只是持股不动。为什么说这段经历呢?是因为有相似之处,我们来探讨一下。首先,我们上周五的买入是符合规则的,出现了底部结构,有反弹买入信号,反弹周期大概6天;今天市场大跌是我没有预料到的,但今天没有出现卖出信号,所以我选择了持有;但是还有一个问题,明天市场形成60分钟钝化的概率是比较大的,如果出现了,我还是会止损卖出,如果小概率不出现,我还是持有;我的一切操作都是按规则来的,之前是,现在是,将来也是。之前也出现过大跌,出现过止损,但整体来说还是盈利的;按照规则,他会让你该止损时不会无理由的硬撑,该买入时不会错过机会。涨跌无时不有,当过了几个月后来看,这些都不值一提,从去年年中,到现在,我的账户资金已经翻倍了,这中间也经历了起起伏伏。所以,正常面对吧,看明天的市场情况,来什么,接什么就好!还是按照规则,别因为输赢丢掉了理智,那样,才是真的输了。不过,对绝大多数人来说,这需要有一个很长的过程。我的公众号:一百万实盘","listText":"我上周五的时候按照规则操作进行了满仓,今天市场跌得一塌糊涂,我也吃了为数不多的大面。我还记得上一次吃大面是在去年12月9号,我买的票有两只几乎跌停,同样损失惨重,那次操作依旧是按照规则进行,当天收盘没有出现卖出信号,我也是依旧持有。第二天股市小涨,第三天又来一个大跌,又导致我损失惨重,但依旧没有出现卖出信号。后面的情景大家可能知道了,股市涨跌波动,最后开始持续上涨,距离我买入的点大盘涨了6%,我买的票整体涨了13%左右,历时一个月,后面出现卖出信号,我获利卖出。中间股市涨涨跌跌,但是因为没有出现操作信号,我也只是持股不动。为什么说这段经历呢?是因为有相似之处,我们来探讨一下。首先,我们上周五的买入是符合规则的,出现了底部结构,有反弹买入信号,反弹周期大概6天;今天市场大跌是我没有预料到的,但今天没有出现卖出信号,所以我选择了持有;但是还有一个问题,明天市场形成60分钟钝化的概率是比较大的,如果出现了,我还是会止损卖出,如果小概率不出现,我还是持有;我的一切操作都是按规则来的,之前是,现在是,将来也是。之前也出现过大跌,出现过止损,但整体来说还是盈利的;按照规则,他会让你该止损时不会无理由的硬撑,该买入时不会错过机会。涨跌无时不有,当过了几个月后来看,这些都不值一提,从去年年中,到现在,我的账户资金已经翻倍了,这中间也经历了起起伏伏。所以,正常面对吧,看明天的市场情况,来什么,接什么就好!还是按照规则,别因为输赢丢掉了理智,那样,才是真的输了。不过,对绝大多数人来说,这需要有一个很长的过程。我的公众号:一百万实盘","text":"我上周五的时候按照规则操作进行了满仓,今天市场跌得一塌糊涂,我也吃了为数不多的大面。我还记得上一次吃大面是在去年12月9号,我买的票有两只几乎跌停,同样损失惨重,那次操作依旧是按照规则进行,当天收盘没有出现卖出信号,我也是依旧持有。第二天股市小涨,第三天又来一个大跌,又导致我损失惨重,但依旧没有出现卖出信号。后面的情景大家可能知道了,股市涨跌波动,最后开始持续上涨,距离我买入的点大盘涨了6%,我买的票整体涨了13%左右,历时一个月,后面出现卖出信号,我获利卖出。中间股市涨涨跌跌,但是因为没有出现操作信号,我也只是持股不动。为什么说这段经历呢?是因为有相似之处,我们来探讨一下。首先,我们上周五的买入是符合规则的,出现了底部结构,有反弹买入信号,反弹周期大概6天;今天市场大跌是我没有预料到的,但今天没有出现卖出信号,所以我选择了持有;但是还有一个问题,明天市场形成60分钟钝化的概率是比较大的,如果出现了,我还是会止损卖出,如果小概率不出现,我还是持有;我的一切操作都是按规则来的,之前是,现在是,将来也是。之前也出现过大跌,出现过止损,但整体来说还是盈利的;按照规则,他会让你该止损时不会无理由的硬撑,该买入时不会错过机会。涨跌无时不有,当过了几个月后来看,这些都不值一提,从去年年中,到现在,我的账户资金已经翻倍了,这中间也经历了起起伏伏。所以,正常面对吧,看明天的市场情况,来什么,接什么就好!还是按照规则,别因为输赢丢掉了理智,那样,才是真的输了。不过,对绝大多数人来说,这需要有一个很长的过程。我的公众号:一百万实盘","images":[{"img":"https://static.tigerbbs.com/8d0d232228c5b0afeff8359f55b097de","width":"1056","height":"1198"},{"img":"https://static.tigerbbs.com/4003f8b11d5522414b78e015a357668e","width":"852","height":"639"},{"img":"https://static.tigerbbs.com/ccced8cb4cfd371d44e5e880d09fa2ca","width":"1066","height":"1192"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329103268","isVote":1,"tweetType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点赞集合!我要老板亲自给你们道歉![爱心][爱心][爱心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/973249965","isVote":1,"tweetType":1,"viewCount":615,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":331655831,"gmtCreate":1609596691423,"gmtModify":1703739820816,"author":{"id":"3542171843096675","authorId":"3542171843096675","name":"广智大师","avatar":"https://static.tigerbbs.com/ea4d8440f9791e588f4b67e4c8b25d0d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3542171843096675","authorIdStr":"3542171843096675"},"themes":[],"htmlText":"问:美东时间12月31日,美国纽约证券交易所发布新闻稿,宣布将启动程序,把中国电信股份有限公司、中国移动有限公司、中国联通(香港)有限公司等三家中国企业从纽交所“摘牌”。请问发言人有何评论?答:美国纽约证券交易所12月31日发布声明,称为遵守特朗普政府禁止美国人投资“有军方背景的中国企业”的行政令,将对中国联通(香港)、中国移动和中国电信等三家中国公司进行退市处理。这种滥用国家安全、动用国家力量打压中国企业的做法不符合市场规则,违背市场逻辑,不仅损害中国企业的合法权益,也损害包括美国在内各国投资者的利益,将严重削弱各方对美国资本市场的信心。","listText":"问:美东时间12月31日,美国纽约证券交易所发布新闻稿,宣布将启动程序,把中国电信股份有限公司、中国移动有限公司、中国联通(香港)有限公司等三家中国企业从纽交所“摘牌”。请问发言人有何评论?答:美国纽约证券交易所12月31日发布声明,称为遵守特朗普政府禁止美国人投资“有军方背景的中国企业”的行政令,将对中国联通(香港)、中国移动和中国电信等三家中国公司进行退市处理。这种滥用国家安全、动用国家力量打压中国企业的做法不符合市场规则,违背市场逻辑,不仅损害中国企业的合法权益,也损害包括美国在内各国投资者的利益,将严重削弱各方对美国资本市场的信心。","text":"问:美东时间12月31日,美国纽约证券交易所发布新闻稿,宣布将启动程序,把中国电信股份有限公司、中国移动有限公司、中国联通(香港)有限公司等三家中国企业从纽交所“摘牌”。请问发言人有何评论?答:美国纽约证券交易所12月31日发布声明,称为遵守特朗普政府禁止美国人投资“有军方背景的中国企业”的行政令,将对中国联通(香港)、中国移动和中国电信等三家中国公司进行退市处理。这种滥用国家安全、动用国家力量打压中国企业的做法不符合市场规则,违背市场逻辑,不仅损害中国企业的合法权益,也损害包括美国在内各国投资者的利益,将严重削弱各方对美国资本市场的信心。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/331655831","isVote":1,"tweetType":1,"viewCount":1514,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}