KraneShares has been trying to convert their ADRs into Hong Kong shares as a defense to the recent potential of delisting Chinese companies in the United States. The move has been seen in their fund, KraneShares CSI China Internet ETF (KWEB) which offers exposure to some of the biggest companies in the Chinese internet sector as well as following the CSI Overseas China Internet Index.
KraneShares Converts ADRs to Hong Kong Shares Amidst Delisting
ETF Newz Says:
The fund went from 75% U.S. ADRs and 25% Hong Kong shares to 34% ADRs and 66% Hong Kong shares in a year.