20210709 China US Flag Maket

China's clampdown on its companies listed in the U.S. may be motivated by a desire to cut exposure to Washington and its regulators. (Source photo by Reuters) 

Beijing's Didi blast shakes $2tn of China stocks in US

Shadow hangs over Wall St after troubled IPO but bonds still attract investment

HONG KONG -- Three years of efforts by two U.S. presidents to crack down on Chinese access to the world's largest capital market are getting a hand from unexpected quarters: Beijing.

Warnings from the top echelons of China's government of tighter oversight of data security and overseas listings, along with slowing growth amid increased regulation, have dramatically raised the stakes for mainland companies with shares traded in the U.S. -- sparking a sharp investor sell-off and threatening forthcoming offerings.

Sponsored Content

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