Biden Team Weighs Impact of SVB Collapse on Chinese Startups

March 21, 2023, 7:07 PM UTC

The US is assessing whether Silicon Valley Bank’s collapse inflicted more pain on Chinese technology startups than the government in Beijing and Chinese companies have disclosed, according to officials familiar with the matter.

The Biden administration is pulling together data on Chinese companies that may have had accounts with regional US banks, and is trying to gauge their exposure to the turmoil now roiling those lenders, according to US officials who asked not to be identified discussing private information.

A key question is whether there is any risk of broader contagion in the world’s second-largest economy, the people said. Venture ...

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