News Analysis
U.S. investors have trillions of dollars invested in Chinese variable interest entities (VIE) without knowing it. These are illegal contracts under Chinese law and could be shut down by Chinese regulators at any time.
Variable Interest Entities: China’s Trillion-Dollar Shell Game
US investors stand to lose everything
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Chinese investors sit in front of a screen showing stock market movements at a securities firm in Hangzhou, China, on May 31, 2016. STR/AFP/Getty Images
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