More Chinese companies listed on Nasdaq in 2020 than any year since 2010.
Li Auto had the biggest IPO of all 26 Chinese companies that listed on Nasdaq in 2020. Credit: Li Auto
Chinese companies last year rushed to Wall Street even as tensions — and some regulatory battles — between China and the United States intensified.
New U.S. laws brought a higher level of scrutiny to Chinese companies’ finances last year. A November executive order banned Americans from investing in Chinese military affiliates, taking aim at names like Huawei and major state-owned enterprises. Several were delisted from the New York Stock Exchange and more were removed from indices.The
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If Xi Jinping is becoming more preoccupied with internal politics, it could lead to a period of relative calm in China’s relations with the United States.
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