In recent days, US lawmakers, government agencies and stock exchanges have taken steps aimed at limiting Beijing’s access to America’s vast capital markets. The US Senate unanimously passed a bill Wednesday that would prevent companies that refuse to open their books from listing on Wall Street. The bill’s bipartisan cosponsors said the goal is to “kick deceitful Chinese companies off US exchanges.” Earlier this week, Nasdaq (NDAQ) proposed a trio of rules that would make it tougher for Chinese companies to go public on that exchange. Nasdaq also moved to delist Luckin Coffee (LK) in the wake of the Chinese firm’s accounting fraud.
Last week, a US government pension fund with nearly $600 billion in assets shelved plans