Heard on the Street: Some of China’s biggest corporate fish may soon seek calmer waters
Tensions between the U.S. and China have spilled into the capital markets. Many U.S.-listed Chinese companies will start to plan their trips back home.
On Wednesday the Senate unanimously passed a bill that could force Chinese companies to delist from U.S. stock exchanges. The key issue—China’s refusal to let American regulators inspect the audits of its companies—has festered for years, but escalating tensions have lifted it to the top of the political agenda. The recent accounting debacle at Luckin Coffee has added impetus.
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