Chinese companies have raced to sell shares on Wall Street this year even as relations between Washington and Beijing plunged to their lowest ebb in decades.
The number of initial public offerings by Chinese businesses on the New York Stock Exchange and Nasdaq has more than doubled since the start of this year, according to Dealogic data. The companies that have listed have raised $2.9bn, a nearly 30 per cent rise compared with the same period last year.
That figure could rise substantially with the listing of Chinese fintech group Lufax this year, according to people familiar with the matter.
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