Why Chinese companies may get booted from US stock markets

Why Chinese companies may get booted from US stock markets

FILE PHOTO: A cup of 'Luckin Coffee' coffee is poured during the company's IPO at the Nasdaq Market site in New York, U.S., May 17, 2019. REUTERS/Brendan McDermid/File Photo

Chinese companies listed in the U.S. are under siege, caught in the crossfire of escalating political tensions between Beijing and Washington and growing frustration that American regulators can’t examine their books to help prevent the kind of fraud that left shareholders of Luckin Coffee Inc. nursing billions of dollars in losses.