News Analysis The rising competition between the United States and China is creating so much tension on Wall Street that Chinese companies listed in the United States are starting to retreat to Shanghai and Hong Kong, rather than surrender their data to U.S. regulators. In early 2021, the New York Stock Exchange delisted China Telecom, China Mobile, and China Unicom in compliance with a U.S. executive order that banned U.S. investment in Chinese military-linked firms. But some Chinese companies are leaving the United States, or not listing in America, at the direction of Beijing. The latter hopes to keep its corporate data secret from U.S. regulators and investors, and in the long term to move finance from New York, London, and Tokyo to Shanghai and Hong Kong, where the Chinese Communist Party (CCP) has more control. The process is already well underway. A Dec. 15 report noted that David Loevinger …
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