By Scott Murdoch, Kane Wu and Julie Zhu
HONG KONG (Reuters) – The U.S. government is threatening to delist Chinese companies that do not meet U.S. accounting standards, but mainland firms are rushing to offer their shares on New York exchanges, sometimes in blockbuster deals.
Despite the threat and rising U.S.-China tensions, the allure of a valuation on the world’s deepest stock market makes the risk of eventual delisting manageable, while financial-technology companies find the regulatory burden of a U.S. listing lighter than that in mainland China or Hong Kong, companies, advisers and investors say.
“In the immediate term, I don’t see this impacting views of the U.S. markets as a strong choice of listing venue,” said Jason Brown, a Hong Kong partner at law firm Mayer Brown.
So far this year, Chinese companies have raised $5.23 billion in U.S. initial public offerings, more than double the $2.46 billion for