WASHINGTON – Chinese companies with shares traded on American stock exchanges are facing significant challenges from political leaders in both Washington and Beijing.
New regulations in both countries will make it much harder for other companies to follow in their footsteps, restricting access to billions of the dollars in funding that helped grow internet retail giant Alibaba, the online gaming firm Tencent, the ride-hailing service Didi, and until recently China Telecom.
In Beijing, regulators have signaled that they plan to scrutinize domestic firms that want to list their shares abroad, particularly when those businesses collect data on Chinese consumers. Experts say this is causing many Chinese firms to reconsider plans to sell their shares on exchanges outside of China.
At the same time, the Biden administration is moving forward with plans to implement a 2020 law that would force foreign companies to de-list from U.S….
