Opinion: Post-Luckin Coffee Scandal, a Split Will Appear in Chinese Companies’ Listing Plans

Joel A. Gallo is the CEO of Columbia China League Business Advisory Co. Ltd., a Guangzhou-based management consulting firm.

The Luckin Coffee scandal may have forever altered the landscape for Chinese firms aspiring to IPO in America. Proposals that codify tougher regulations abound — from the Senate’s passage of the Holding Foreign Companies Accountable Act to the presidential working group on financial markets tasked with creating recommendations for curbing Chinese firms from listing.