News Analysis Amid ongoing political tensions between the United States and China, the world’s two biggest economies are becoming increasingly intertwined financially, especially on the IPO front. Even as the U.S. Congress begins to tighten the reins on Chinese companies listed on U.S. stock exchanges, Chinese companies continue to seek American capital. Firms based in China have raised record amounts of equity capital through initial public offerings (IPOs) on U.S. exchanges this year. There are certainly reasons for Chinese companies to be hesitant to list here. Some Chinese companies were recently delisted from U.S. stock exchanges, such as the three major Chinese state-owned telecom providers and energy firm China National Offshore Oil Corp. In March, the Securities and Exchange Commission (SEC) announced it would begin to implement the Holding Foreign Companies Accountable Act to enforce more stringent disclosure rules on foreign companies whose stocks trade in the United States. Such …