Chinese Economics Thread

[W20]

Shanghai: 20 B Dollar Market Cap
New York: 2 B Dollar Market Cap

 

[W20]

If one follows these stories with great passion, then one vividly feels the applause and the booing

 

[Overseaschinese]

I´m still waiting to buy some stocks from Xiaomi, Tencent, Alibaba and SMIC. Do you guys have any advice, when would the best time to invest?
- Alibaba is pretty cheap at the moment, is that better to wait after the decision of delisting?
- SMIC will start to become great in 2-3 years.
- Xiaomi has the potential to become huge as Samsung in the future.

 

[BlackWindMnt]

Im thinking of maybe get some byd soon, but I'm not sure where on Frankfurt or hongkong exchange. Haven't looked into the differences between those two options.

 

[tygyg1111]

Im thinking of maybe get some byd soon, but I'm not sure where on Frankfurt or hongkong exchange. Haven't looked into the differences between those two options.

FYI - HK stock exchange has a minimum order quantity of 500 shares for BYD

 

[NiuBiDaRen]

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[NiuBiDaRen]

I´m still waiting to buy some stocks from Xiaomi, Tencent, Alibaba and SMIC. Do you guys have any advice, when would the best time to invest?
- Alibaba is pretty cheap at the moment, is that better to wait after the decision of delisting?
- SMIC will start to become great in 2-3 years.
- Xiaomi has the potential to become huge as Samsung in the future.

Be careful of investing as a foreigner. You're best investing within China. Check out a China based fund to invest for you. If you're not careful the regulations can come to haunt you

 

[Overseaschinese]

Be careful of investing as a foreigner. You're best investing within China. Check out a China based fund to invest for you. If you're not careful the regulations can come to haunt you

I have never thought about it, thank you. Basically I buy stocks only from the german stock exchange, because I live here.

 

[BlackWindMnt]

FYI - HK stock exchange has a minimum order quantity of 500 shares for BYD

okay that won't work, I don't have 17k euro laying around

 

[MixedReality]

I used to be an auditor so I’ll chime in here. The US always had access to financial records. However, the US wants the audit workpapers. Audit workpapers include company source documents which is what China absolutely needs to protect. So for example, when auditing accounts receivables, auditors typically request customer lists. To audit accounts payable auditors request vendor and supplier lists.
So now imagine the US gets its hands on Alibaba or Tencents vendor lists it will know the identity of every tech supplier in China. Given how the US wants to sanction them, China would be handing the US a hitlist. So I’d rather see not a single Chinese company listed abroad than hand over any audit workpapers.

Also to audit payroll expenses audit workpapers include historical and current payroll data that includes employee names, salaries, benefits, tenure etc so the US would have access to the identities of China’s tech workforce. See the problem?

This is a major national security issue for China. It is time for these US-listed Chinese companies to delist from the US and relist in Shanghai/Shenzhen/Hong Kong.