More than 20 Hong Kong stock listed companies have claimed that they have not affected

The bankruptcy incident of Silicon Valley (SVB) and many innovative pharmaceutical companies and pharmaceutical outsourcing service companies in China. As of Monday (March 13), more than 20 Hong Kong stock listed companies have issued relevant announcements to Silicon Valley Bank, claiming that the company is inSVB has no deposit or only a small amount of cash, emphasizing that the incident has no effect on or limited on the enterprise.

At least 13 Chinese enterprises have business exchanges

The United States is the first choice for innovative pharmaceutical companies to deploy overseas. Many Chinese medical startups seeking markets overseas have some deposits in SVB.In the announcement of the Hong Kong Stock Exchange, at least 13 listed companies in Mainland China announced their business exchanges with Silicon Valley Bank, including Genting Xinyao, Ding Ding Pharmaceutical, Baiji Shenzhou, Da Bo Medical, Teng Shengbo Pharmaceutical, Beihai Kangcheng, and San Nuo Pharmaceuticalwait.

The announcement all emphasized that the recent development of SVB's expected situation will not have a significant impact on enterprise operations.Among them, Genting Xinyao said that the company only had a small amount of cash in Silicon Valley Bank, which was far lower than 1%of the company's total cash, while the Federal Deposit Insurance Corporation had not underdeered about $ 1 million (S $ 1.34 million).

Yasheng Pharmaceutical, Minimally Invasive Medicine, Ge Li Pharmaceutical and other pharmaceutical companies issued an announcement claiming that there is no deposit in SVB.

The A -share listed company Jiu'an Medical announced on Monday that the deposit of the company and subsidiaries in Silicon Valley banks accounted for about 5%of the company's total cash assets and financial assets. Due to the time difference, it is expected that the money will be onCome on Monday night.

Securities Times quoted an Internet company's investment department, saying that Silicon Valley Bank is more friendly to China start -ups and its account opening process is simple. Many medium -volume start -ups have millions of dollars of deposits of millions of dollars.

Pan Shiyi, the founder of Chinese, and his wife Zhang Xin, has a large deposit at the Silicon Valley Bank, and pointed out that it "billions of deposits cannot withdraw".In response, Pan Shiyi responded on Weibo on Sunday that "has never been opened in Silicon Valley Bank and has never deposited money."

Division of the company's stock price performance differentiation

The affected listed companies performed on Monday's stock prices, and Hong Kong -listed companies fell 4.49%, Tengshengbo Pharmaceutical fell 1.71%, and Genting Xinyao rose 7.31%.The A -share listed company Jiu'an Medical's early trading lowered a sharp low, which once fell more than 9%, and then gradually rebounded. The closing decline narrowed to 2.84%.