CHU - These 4 Chinese Stocks Are Too Risky to Own
Many investors in U.S.-listed Chinese stocks were recently rattled by a new Senate bill that could delist companies that are controlled by foreign governments or don't open their books to American auditors. The bill still needs to be approved by the House and signed into law by President Trump, but it's gaining bipartisan support.
This looming threat makes it tough to stay invested in Chinese stocks in this volatile market. However, several major companies -- including Baidu and Alibaba -- have already declared they won't delist their stocks.
Nonetheless, the proposed legislation could cause problems for many other Chinese companies. Let's examine five such stocks that could be too risky to own.