US-China Commission Sees Uptick in Valuation of Chinese Companies on US Exchanges
The U.S.-China Economic and Security Review Commission earlier this month issued an updated table of Chinese companies listed on the Nasdaq, the New York Stock Exchange and the NYSE American. As of Jan. 9, 252 Chinese companies worth a "total…
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market capitalization" of $1.03 trillion were listed on those U.S. exchanges. That valuation is an increase from the commission's last update from September, when it reported 262 Chinese companies were listed with a total market capitalization of $775.6 billion (see 2210050007). The increase is partially due to a "recent rally in Chinese stocks after U.S. regulators suspended the threat of a trading prohibition under the Holding Foreign Companies Accountable Act."