90% of China stocks are scams. Hundreds have already delisted and BILLIONS has been stolen from American investors. Google it.
At least when an American company is a scam the Justice Department or the SEC goes after someone to try and get money for the victims. When the Chinese scam, nobody cares. The Chinese get away scott free. I guess the Chinese own our government, or at least enough of it's debt that they aren't about to make waves on behalf of defrauded citizens.
How do you do any DD on a foreign company that puts up a good front but is a total sham? Some of these companies even fooled American senators like APWR. You're a fool if you think DD is the answer.
AVOID Chinese stocks if you want to be safe. That's the answer.
Confucius say Last man to circle jerk called late comer.