With the news of Congress requiring or about to require Chinese companies who list their shares on the US markets to submit to proper US-based auditing, what do you guys think about the owning of these stocks? I happen to own some shares of BABA I picked up in March at the virus meltdown, I don't know if I should jettison it or hang on to it. I hate short term gain taxes so if I get it of it, it would be by March 2021. But if bad things happen to the Chinese stocks before then, I would like to get out sooner than later. This is the only Chinese stock I own.
The auditing is not an issue. I mean just say IF Chinese companies are required to submit to US auditing, is there anything indicating that would be impossible for Alibaba to do? I know many people like BABA. My personal preference for Chinese retail is JD and PDD.
