![]() US lawmakers, government agencies and stock exchanges have since taken steps aimed at limiting Beijing’s access to America’s vast capital markets. Luckin Coffee was kicked off the Nasdaq following the disclosure of major accounting irregularities. On Wall Street, Chinese firms also face additional scrutiny. US threats and restrictions against Chinese tech companies like TikTok and WeChat send a warning. There’s little clarity on whether the presidential election in November will reset the relationship. Lu said Beijing has been trying to send a message to China’s top tech companies: “This is a difficult time, and we have your back.”Ī growing number of firms are listening as US-China tensions ramp up. ![]() “The Chinese government is more than happy to host a national champion on one of its major capital markets domestically at a time when many Chinese companies are facing greater political headwinds overseas,” Xiaomeng Lu, senior geotechnology analyst at Eurasia Group, told me. He failedįor Beijing, which wants to encourage more seasoned investors to park their money in Chinese stocks and more Chinese tech companies to list their shares at home, it’s poised to be a huge win. ![]() Trump promised to win the trade war with China. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images) SAUL LOEB/AFP/Getty Images US President Donald Trump addresses supporters during a Make America Great Again rally as he campaigns at Erie International Airport in Erie, Pennsylvania, October 20, 2020.
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