2 ms·
> So if you've ever thought about what you actually own if you buy a share of a Chinese company on a US stock market, say Alibaba( BABA US Equity), you aren't a
by stephengillie 10y ago
> So if you've ever thought about what you actually own if you buy a share of a Chinese company on a US stock market, say Alibaba( BABA US Equity), you aren't actually getting a share in Alibaba in the same way you can buy a share in Microsoft.
Isn't this similar to how American stockholders don't actually own the shares of stock, but rather the Depository Trust Company owns ALL shares of all stocks, and you only own a...Nomination(?)...to control the shares and receive the dividends?
If they went offline, could anybody buy or sell stocks?
https://en.wikipedia.org/wiki/Depository_Trust_Company https://en.wikipedia.org/wiki/Depository_Trust_Company
- mahranch 10y agoThey're more like an escrow than like the PRC. China could halt trading or eliminate a stock permanently, th DTC cannot. Anything it can/could do to cause permanent damage could be reversed by regulatory bodies and/or the government.