The Hong Kong Exchanges and Clearing Limited (HKEX) and the Securities and Futures Commission (SFC) of Hong Kong have initiated contact with several US-listed Chinese companies regarding their potential return or "homecoming" to Hong Kong's stock market. This engagement aims to address the risks associated with the possible delisting of Chinese American Depositary Receipts (ADRs) from New York exchanges amid escalating trade tensions. While specific companies involved have not been disclosed, these proactive measures by HKEX and SFC are intended to help investors mitigate risks tied to the ongoing trade war and regulatory uncertainties. Additionally, concerns have been raised by regulators that dismantling the auditing watchdog could increase the likelihood of Chinese firms being delisted from US markets.