3 Top Chinese Stocks to Watch in September
It's scary to invest in stocks from China these days, considering what's going on in the country. Government crackdowns, cancellations of IPOs, and increased regulations are all reasons for alarm. Recently, government authorities took aim at ride-hailing apps for using unqualified drivers and misleading advertising.
There's also concern that accounting practices at Chinese companies lack the level of scrutiny found in other countries, creating an increased potential for fraud -- the downfall of Luckin Coffee being a notable example. Such situations amplify worries that Chinese companies could be delisted from U.S. exchanges.
However, the hesitation that these concerns have raised among investors also provides an opportunity to buy stocks with ridiculous growth potential and already rock-steady fundamentals. If you're willing to look past the sector's overall risks, Alibaba (NYSE: BABA), BeiGene (NASDAQ: BGNE), and Tencent Music (NYSE: TME) are three Chinese stocks worth watching this month.
Source Fool.com
