Chinese Stocks Face Massive Delisting as US Fortifies Investor Protection

Chinese fashion portal MOGU is listed during the IPO at the opening bell of the Dow Industrial Average at the New York Stock Exchange on Dec. 6, 2018 in New York. Bryan R. Smith/AFP via Getty Images

News Analysis

Once upon a time, Chinese stocks enjoyed a certain privilege in the United States, a getaway from the scrutiny of the Public Company Accounting Oversight Board (PCAOB), which all foreign companies listed in the United States need to undergo.