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Why China and U.S. Are Clashing Over Stock Listings: QuickTake

July 12, 2021, 1:39 AM

Chinese companies seeking capital have long headed to the U.S. stock market to tap its deep-pocketed investors, raising more than $100 billion through first-time share sales over the past two decades. This money flow was immensely profitable for all involved: The founders, the bankers, early investors and new shareholders. Yet all this now looks set to change. China has pledged to write new rules for companies going public outside the mainland and to step up oversight of those already trading offshore. It’s unclear whether Didi Global Inc.’s contentious initial public offering in June was the catalyst; the U.S. has ...

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