US stock blacklists ripple through Hong Kong and China markets

Investors wary over Trump's order and uncertainty on Biden's policies

20210108 CHINA STOCKS Hong Kong Stock Exchange

Since November 2019, when Alibaba sold shares for its secondary listing in Hong Kong, 10 U.S.-listed Chinese companies have raised $30 billion in the territory. (Photo by Dean Napolitano)

NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent

January 11, 2021 13:17 JST

Updated on January 11, 2021 18:47 JST

HONG KONG -- A crackdown on Chinese companies by the administration of U.S. President Donald Trump in its final days and uncertainty over the political direction of incoming President-elect Joe Biden could interrupt a rally in mainland stocks and lead to a surge in secondary listings in Hong Kong, analysts say.