Not a single Chinese company has listed in the United States this year, down from 29 last year.
At the same time, the more than 200 Chinese firms already listed on U.S. stock exchanges are facing possible delisting.
All companies listed in the United States are obligated to grant American regulators access to their books. But the Chinese regime has repeatedly denied that access, citing national security concerns. For two years, Washington has been ramping up scrutiny on Chinese companies, insisting on full audits of their books. Companies that don’t comply will be asked to leave the U.S. market by early next year.