Commentary
The United States has the most open capital markets in the world where firms come to raise capital. The one clear requirement is that firms follow the laws, rules, and regulations on U.S. securities and finance. Beijing is fighting to see if its firms raising capital in the United States can avoid this basic requirement.
For all the talk of the declining importance of the U.S. economy and the dollar, the United States remains the preeminent global financial market. The combination of unrivaled liquidity, depth of financial markets, and openness to foreign companies with a clear and transparent regulatory system for securities issuers have made the United States the dominant financial market in the world.
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