Future of Chinese stocks on US exchanges grim as Trump signs legislation that could kick them off
Outgoing US President Donald Trump is making sure that he grabs all the possible opportunities to double down on China before the transition. Trump has signed legislation that could kick Chinese companies off of US exchanges. Major Chinese firms like Alibaba Group Holding Limited and Baidu Incorporation could face trouble due to the move. Only the firms allowing American regulators to review their financial audits will be allowed.