A ‘financial war’ with China could be brewing on top of the trade war

You’ve heard about the trade war with China. There may be a separate, potential “financial war” brewing.

The Securities and Exchange Commission wants you to know more about what is happening with Chinese companies that list in the United States. The regulators also want you to know that they are having a really hard time finding out exactly what is going on. 

Thursday, the SEC is holding a roundtable discussion on emerging markets, but it’s really about the next phase in an ongoing effort to get Chinese regulatory authorities to be more transparent about what is happening inside Chinese companies that list on U.S. exchanges.

This has been a problem for years but it is now getting serious…