NEW YORK, Aug. 14 (Xinhua) -- This year has seen many U.S. stock market listings by Chinese companies despite rising political, trade and regulatory tensions between the world's two largest economies, The Wall Street Journal reported.
According to the article titled "'The Gold Standard': Why Chinese Startups Still Flock to the U.S. for IPOs" published Thursday on the newspaper, more than 20 Chinese companies have gone public on the Nasdaq Stock Market or New York Stock Exchange so far this year, raising 4 billion U.S. dollars in total, according to Dealogic data. Most specialize in high-tech industries such as software or electric vehicles. The sum already exceeds the 3.5 billion dollars in combined IPO proceeds that 25 Chinese companies raised in the U.S. over the course of 2019.