Wall Street firms involved in Chinese IPOs face scrutiny

Congressional committee sends subpoenas to heads of JPMorgan and Bank of America

20250829N Dimon China

JPMorgan Chase CEO Jamie Dimon reportedly met with senior Chinese officials in May to bolster business. (Source photos by Reuters)

RIKO SATO

NEW YORK -- Decoupling between the U.S. and China is becoming increasingly pronounced in U.S. financial markets -- with American banking chiefs being subpoenaed by Congress and moves by the Securities Exchange Commission toward tighter regulations on Chinese companies seeking to list in the U.S.

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