The risk that China stocks delist from US markets en masse looks ever more real as the two nations play hardball over market regulation.

“I don’t see any reason China should not comply with the same rules the US applies to companies from every other country in the world,” says George Calhoun, founding director of the Quantitative Finance Program at Stevens Institute of Technology. “But I don’t think they will, so I think there will be a mass exodus as companies are forced to delist.”

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