US-China tensionsWall Street firms involved in Chinese IPOs face scrutiny
Congressional committee sends subpoenas to heads of JPMorgan and Bank of America
JPMorgan Chase CEO Jamie Dimon reportedly met with senior Chinese officials in May to bolster business. (Source photos by Reuters)
RIKO SATO
September 2, 2025 23:30 JST
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.