A record number of Chinese companies are seeking U.S. listings this year due to onerous domestic rules and better valuations. 36 Chinese firms went public in the U.S. in the first half of 2025, with more waiting, such as a mobile advertising service provider. Chinese firms find SPAC listings in the U.S. appealing.

Xinghui Car Technology is among those Chinese firms seeking a U.S. listing. U.S. share prices have hit record highs, boosting investor confidence. Chinese firms have a combined market value of about $1 trillion in the U.S. Lawmakers have called for delisting Chinese firms due to national security concerns, prompting increased SEC scrutiny.

High regulatory thresholds and criteria in China are pushing companies to seek U.S. listings. China’s listing process takes longer compared to New York and Hong Kong. U.S. listings offer objective rules for going public, while China’s process is more subjective, making it difficult for startups to list domestically.

Read more at Yahoo Finance: Analysis-Chinese firms set for record US listings, undeterred by geopolitics