Introduction
The political risks associated with emerging market investments are well known and seldom lost on the minds of most investors, however, a new bipartisan bill from the US Congress will further amplify this risk for PetroChina (PTR). This new legislation would force Chinese companies listed on US stock exchanges to comply with increased regulatory oversight, including providing access to audit results or face being delisting for noncompliance.
Current Situation
Given their name it’s no surprise that PetroChina is based in China and is one of the three main arms of their state-controlled