anywhere but China
Kennedy Act and Investing in China
As the trade war with China continues to simmer, a new law under consideration in Congress could reduce foreign capital flowing into China by way of investment in Chinese ADRs listed in US markets. The Kennedy Act which was passed by the Senate and is awaiting action in the House could put a crimp on investment going into China. It would require Chinese companies to provide the same level and quality of financial information to US investors as US companies and most other ADRs do.