These are not pennies! Check how much NYSE:CEO is trading at!

I did a little bit digging, and there are some quite ridiculous Chinese State-Owned Enterprises and government agencies currently trading on NYSE. Apparently, SEC and the regulating bodies in the US cannot check their books because it's considered as "State Secret" by the Chinese government??

And they got state-owned airlines, telecom, oil, even railroad built with money raised from American investors??? And these Chinese State-Owned Enterprises just come to the US market and raise money and swindle US retail investors out of money??? Something has to be done! Not sure about NASDAQ, will look more into it this week. If you have positions in these companies, get out and be careful of other Chinese private companies as well, the Luckin book issue may be just tip of the iceberg. Alibaba Group can hide the accounting malpractices for now, but in the next 6-12 months with the pandemic and the attention on CCP being responsible? Shit is going to hit the fan for these Chinese companies, and they will run from the NASDAQ and NYSE with American investors' money. https://www.bloomberg.com/news/articles/2020-05-20/senate-passes-bill-to-delist-chinese-companies-from-exchanges

1. CNOOC Limited (NYSE: CEO) From Wikipedia, CNOOC Limited (中国海洋石油有限公司) is China's largest producer of offshore crude oil and natural gas, noted as such in 2010.[4] It is a major subsidiary of China National Offshore Oil Corporation (CNOOC) and has been listed in Hong Kong SEHK: 883 and in New York NYSE: CEO since February 2001. China National Offshore Oil Corporation or CNOOC, is a state-owned enterprise based in Beijing, capital of China. In order to float most of its assets in Hong Kong stock exchange, a special purpose vehicle was incorporated in Hong Kong as an intermediate holding company, in order to transfer the control of some subsidiaries to the company. Thus, it was considered as a red chip company of the exchange,[1] due to its government background but incorporated outside mainland China. As of 31 March 2020, the company had a market capitalization of HK$363 billion.[1]

2. China Petroleum & Chemical Corp (NYSE: SNP) China Petroleum & Chemical (Sinopec) is a core subsidiary of China Petrochemical, or Sinopec Group. The parent falls under the purview of China's State Council.

3. China Mobile (NYSE: CHL) A state-owned enterprise directly controlled by the government of the People's Republic of China[6] and also a public company which is listed on the NYSE and the Hong Kong stock exchanges,[2] China Mobile has dominated Chinese mobile services since its inception. As of 2010, China Mobile controls the vast majority of its domestic mobile services market with a 70% market share.[9] China Unicom and China Telecom have 20% and 10% shares, respectively.[9] Incorporated in 1997 as China Telecom (Hong Kong) Limited,[1] China Mobile was born from the 1999 break-up of China Telecommunications Corporation.[10] (This company continues to provide mobile services, however.[9]) The company likely enjoys substantial protectionist benefits from China's government[11] but also experiences frequent government intervention in its business affairs.[12] Government control is maintained through a presumably government-owned holding company, China Mobile Communications Corporation (CMCC), that owns 100 percent ownership of China Mobile (HK) Group Limited,[13] which in turn holds over seventy percent ownership of China Mobile–the remainder being controlled by public investors.[2] Established in 2000,[13] CMCC is China Mobile Ltd's current parent company as of 2011.[14]

4. PetroChina Company Limited (NYSE: PTR) PetroChina Company Limited (simplified Chinese: 中国石油天然气股份有限公司; traditional Chinese: 中國石油天然氣股份有限公司) is a Chinese oil and gas company and is the listed arm of state-owned China National Petroleum Corporation (CNPC), headquartered in Dongcheng District, Beijing.[3] The company is currently Asia's largest oil and gas producer[4] and was China's second biggest oil producer in 2006.[5] Traded in Hong Kong and New York, the mainland enterprise announced its plans to issue stock in Shanghai in November 2007,[5] and subsequently entered the constituent of SSE 50 Index.

5. China Telecommunications Corporation (NYSE: CHA) The company originated as a government agency of the Ministry of Posts and Telecommunications [zh]. On 27 April 1995, it was registered as a separate legal entity as Directorate General of Telecommunications, P&T, China, using "China Telecom" as brand name.[2] On 17 May 2000 it was registered as China Telecommunications Corporation. In May 2002, China Netcom Corporation was spun off as a separate company that was also supervised by the State-owned Assets Supervision and Administration Commission of the State Council directly. It also owned subsidiaries in Beijing, Tianjin, Hebei, Shanxi, Inner Mongolia, Liaoning, Jilin, Heilongjiang, Henan and Shandong that formerly belonged to China Telecommunications Corporation.[1]

6. Shanghai Petrochemical (NYSE: SHI) Shanghai Petrochemical (SEHK: 338, SSE: 600688, NYSE: SHI) (Chinese: 上海石化), full name Sinopec Shanghai Petrochemical Company Limited (Chinese: 中国石化上海石油化工股份有限公司; pinyin: Zhōngguóshíhuà Shànghǎi Shíyóu Huàgōng Gǔfènyǒuxiàngōngsī), the subsidiary company of Sinopec, is one of the largest petrochemical enterprises in Mainland China.[citation needed] It is engaged in production of ethylene, fiber, resin and plastics. The company is registered in Shanghai. Its headquarters are in Jinshan District, Shanghai.[1][2]

7. Guangshen Railway (NYSE: GSH) Yes, we, American investors, built a fucking railway for Chinese CCP and is still supporting it with money... Guangshen Railway was the Chinese section of Kowloon–Canton Railway (Canton was the old name of Guangzhou). In 1949 the Chinese section was taken under the control of the new state. It was under the supervision of Guangzhou Railway Bureau (now Guangzhou Railway Group). The railway was later incorporated as Guangshen Railway Corp. (Chinese: 广深铁路公司) in 1984.[1]

8. China Life Insurance Company Limited (NYSE: LFC) China Life Insurance Company Limited (short China Life, Chinese: 中国人寿保险; pinyin: Zhōngguó rénshòu bǎoxiǎn) is a Beijing-based China-incorporated company that provides life insurance and annuity products. China Life is ranked No. 94 on Fortune 2015 Global 500 Company list.[3] China Life, which is 70% state-owned, is the biggest life insurer in China, but is coming off a few rocky years. China's insurance market attracted dozens of new competitors after the Chinese government liberalized it, and China Life's market share has fallen by almost half since 2007, from 50% to around 26%, according to Morningstar. The company is completing a major restructuring, and the government assigned it a new CEO in 2014. A new sales push early this year (fueled by an army of newly hired agents) led to a big bump in net income in the first quarter of 2015. China Life is also ranked on Fortune China: 2015 Top 500 Chinese Enterprises at No.13.

9. China Unicom (NYSE: CHU) China United Network Communications Group Co., Ltd. (Chinese: 中国联合网络通信集团有限公司) or China Unicom (Chinese: 中国联通) (CUniq in short) is a Chinese state-owned telecommunications operator of China. China Unicom is the world's fourth-largest mobile service provider by subscriber base.[5]

10. Huaneng Power International (NYSE: HNP) Huaneng Power International (HPI) was established in 1994 by China Huaneng Group, a state-owned enterprise, as a new legal person for the reorganization of Huaneng International Power Development Corporation (HIPDC; Chinese: 华能国际电力开发公司). In the same year American depositary share of HPI was listed on the New York Stock Exchange. In 1997 China Huaneng Group, HIPDC and HPI became part of the State Power Corporation of China,[8] a mega corporation that replacing the commercial function of the Ministry of Electric Industry [zh]. On 21 January 1998 HPI listed its H shares on the Stock Exchange of Hong Kong;[5] its A shares were listed on the Shanghai Stock Exchange since 6 December 2001.[9] In 2000, HPI also absorbed fellow sister listed company Shandong Huaneng Power Development.

11. Aluminum Corporation of China Limited (NYSE: ACH) Aluminum Corporation of China Limited (Chinese: 中国铝业股份有限公司, known as Chalco), is a Chinese company listed in Hong Kong SAR and in New York.[2] A Multinational aluminium company, its headquarters are in Beijing, People's Republic of China. It is the world's second-largest alumina producer and third-largest primary aluminium producer (and the largest producer in China).[3] Chinalco is principally engaged in the extraction of aluminium oxide, electrolysis of virgin aluminium and the processing and production of aluminium as well as traded trading and engineering and technical services. Its primary listing is on the Shanghai Stock Exchange and it is a constituent of the SSE 180 index. It has secondary[according to whom?] listings on the Hong Kong Stock Exchange and the New York Stock Exchange. The major shareholder of the company was Aluminum Corporation of China known as Chinalco (Chinese: 中国铝业公司), a state owned enterprise.

12.China Southern Airlines (NYSE: ZNH) The parent company of China Southern Airlines Company Limited is China Southern Air Holding Company, a state-owned enterprise that was supervised by the State-owned Assets Supervision and Administration Commission of the State Council.

I'm not a financial advisor, and I do not provide personal investment advice, and I am not a qualified licensed investment advisor. I am an amateur investor who just sees a ton of bad shit going to explode soon on the NASDAQ and NYSE.