China’s most ambitious and fastest-growing companies once flocked to U.S. markets to raise money. Now rising U.S. hostility and the increased attractions of listing closer to home are tipping the scales toward Hong Kong and Shanghai. Since November, eight Chinese companies that originally went public on the New York Stock Exchange or the Nasdaq Stock Market have added listings in Hong Kong, raising a total of $25.6 billion, according to Refinitiv. These companies, with a combined market capitalization of nearly $1 trillion,...

Source: Wall Street Journal September 27, 2020 09:33 UTC