China ADR delisting watch
A dated, sourced log of completed and pending delistings of US-listed Chinese companies — Form 25 removals, exchange staff determinations and HFCAA identifications. Each row is a factual data point that cites the underlying filing.
Feed maintained as of 2026-07-09. Filings are added as they publish.
The HFCAA framework, in numbers
~174 issuers sit on the SEC's HFCAA identification framework (as of 2026-07-09).
~174 issuers on the SEC HFCAA identification framework; a US-listed China name with NO HK/SG secondary listing is the most exposed (holders can be left without a venue). A dual-primary HK listing is best protected.
Dated events
| Company | Venue | Filing / event | Date | Severity |
|---|---|---|---|---|
| Tian Ruixiang Holdings TIRX | Nasdaq removal / Form 25 (completed 2026-07-06) | Nasdaq removal completed | 2026-07-06 | High |
Each event above describes an observable, published filing about a listing — it is not a claim that any company acted unlawfully, and it is not a recommendation to buy, sell or hold any security.
What holders can do
A US delisting removes a company's shares from the NYSE or Nasdaq — it does not cancel ownership. The practical question for a holder is whether a fallback venue exists. These are the checks and routes, all factual:
Check for a Hong Kong / Singapore line
Look the company up in the screener — filter by region and exchange to see whether it already trades in Hong Kong or Singapore, which is the single biggest factor in how smooth a delisting would be.
Understand the HKEX conversion path (W4)
How an ADR-to-Hong-Kong conversion actually works — the depositary bank, the timeline, the fees and taxes — and which names already have a Hong Kong line to fall back on.
See why a HK listing lowers exposure (W8)
How Southbound Stock Connect brings mainland demand to an eligible Hong Kong line, and why a dual-primary or eligible secondary HK listing reduces US delisting exposure.
Open a company profile
Every company page shows where a name is listed and its fundamentals — start from any ticker (for example, a large dual-listed ADR) to see its venues at a glance.
For the full background — the HFCAA, the PCAOB audit dispute, the 2026 escalation and what a delisting would actually mean for your shares — read Chinese ADR delisting risk: what the HFCAA means for investors.