Ironically, information about the boom time in US-listed IPOs of Chinese firms coincided with reports of how the SEC, along with other parties, is wrestling with Chinese firms and policymakers over disclosures and regulatory actions. Being a news editor gives me plenty of chances to spot unintended ironies. An example came yesterday when I received an email stating “Chinese companies raised a record $12.5 billion in 34 IPOs in US capital markets, more than in the entire 2020.” The email containing these figures, produced by BuyShares.co.uk, was highly positive about the market, and its prospects. It continued: “The US capital...