ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Wall Street reaps commissions bonanza from flood of Chinese IPOs

Businesses chase funds in US, undeterred by diplomatic freeze

The New York Stock Exchange: the U.S. market has drawn a record number of Chinese listings so far this year. (Photo by Kazunari Yokota)

TOKYO/SHANGHAI -- U.S. brokerages earned record commissions from Chinese companies in the first eight months of 2020, as businesses and investors alike seek a slice of the booming American stock market.

Chinese companies paid over $600 million in commissions to U.S. brokerages for stock issuances in January-August, up 80% from a year earlier, according to Refinitiv.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more