Should You Own Stock in a Chinese Company?

I read this recently in a column written by John Mauldin whom I read every week. Mauldin writes, “The Chinese government will no longer give US market regulators, any of the regulating bodies, the power to inspect the audits of Chinese companies listed on US exchanges. There are at least 248 Chinese companies, listed on three major US exchanges, with a total market capitalization of $2.1 trillion, according to the US-China Economic and Security Review Commission.”

Thus, each of these 248 companies may soon be de-listed by the SEC which will probably cause those companies’ values and stock prices to plummet. So, should you own the stock of any Chinese companies?