Chinese firms listed on the US stock exchanges have risen in numbers and by total market capitalisation in the past year despite Washington’s efforts to cut them off from US capital.
The number of US-listed Chinese companies rose 26 per cent to 217 on the three largest US exchanges – the Nasdaq, the New York Stock Exchange and the NYSE American – as of October 2, according to a congressional report by the US China Economic and Security Review Commission.
Total market has capitalisation nearly doubled to US$2.2 trillion since September 2019, the data shows. In that period, the S&P 500 index increased 16 per cent and the Dow Jones Industrial Average rose 6 per cent.
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