Alibaba, JinkoSolar hold onto investor favour after China stock selloff

Alibaba, JinkoSolar hold onto investor favour after China stock selloff

Photo: HKEX website

Global institutional investors last quarter scaled down their holdings of some U.S.-listed Chinese stocks at risk of delisting from the U.S., but several companies such as e-commerce giant Alibaba Group Holding Ltd. and solar panel manufacturer JinkoSolar Holding Co. Ltd. remained in favor with some investors.

Major investors including BlackRock Inc. and Morgan Stanley sold some or all of their holdings in certain Chinese firms, such as ride-hailing firm Didi Global Inc., new-energy vehicle-maker Li Auto Inc. and video streaming platform Bilibili Inc., according to their filings to the U.S. Securities and Exchange Commission (SEC).

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