If you’ve not heard about China’s crackdown on a wide swath of its companies in recent weeks, then you must have been living under a rock. Beijing has, in successive waves, imposed new rules and regulations governing almost every aspect of modern life. This painful process has wiped off billions of dollars from Chinese and Hong Kong-listed stocks as share prices swoon in the wake of these draconian measures. Investors in these companies were caught by surprise at how sweeping these reforms were, and many are now uncertain as to how to react. Of course, as the saying goes — in every crisis, there exists opportunity. However, the situation here isn’t as simple as it looks. Although it is clear that this China crisis has wiped out massive amounts of wealth, I am still not convinced that the coast is clear. Here’s why I am still not keen on buying Chinese stocks at the moment....