Chinese companies have pulled back from listing in the U.S. this year in a clear pivot to Hong Kong amid rising tensions between Beijing and Washington, and higher regulatory thresholds in New York. Chinese initial public offerings in the U.S. have slumped 4% year-on-year in terms of deal value so far this year, raising just $875.7 million from 23 deals. That's down 93% from the $13 billion across 39 listings during the same period in 2021, according to data provider Dealogic. In 2021, Chinese IPOs in the U.S. were on track to hit a record high, before Beijing moved to intensify supervision of domestic firms after ride-hailing operator Didi Global pressed ahead with plans to go public in New York despite China's objections. Less than six months after it went public, Didi started its delist

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