5 ms·

Foreigners can't invest in China's stock market.

by VintageCool 11y ago

irln 11y ago
Not advocating but I think you can invest in ETFs that track indexes like MCHI and ASHR.
Mikeb85 11y ago
You can since the SH-HK stock connect went live.
nogbit 11y ago
That's true, but, you can bet against it in the NYSE Arca http://www.google.com/finance?q=NYSEARCA%3AYANG http://www.google.com/finance?q=NYSEARCA%3AYANG
seanmcdirmid 11y ago
Sure we can. As long as we earn RMB and live in China, not that this tempts me.
- desdiv 11y ago
  Applying the principle of charity[0], I interpreted "foreigner" in this context as: >Foreigner may refer to: Alien (law), a person in a country who is not a citizen or permanent resident of that country.[1] If someone earns RMB and lives in China, then presumably they're either a citizen or a permanent resident. [0] https://en.wikipedia.org/wiki/Principle_of_charity https://en.wikipedia.org/wiki/Principle_of_charity [1] https://en.wikipedia.org/wiki/Foreigner https://en.wikipedia.org/wiki/Foreigner
  - seanmcdirmid 11y ago
    Oh, the Chinese definitely don't see it that way. I'm sure my Chinese name is laowai because that is what I'm called everywhere. I'm neither a citizen, nor a permanent resident. The Chinese don't hand out greencards easily (maybe a few hundred a year) and even then often only to people of Chinese descent.
  - PakG1 11y ago
    So... I earn RMB and live in China... but I'm totally a foreigner. In fact, foreigners can't really become permanent residents of China, especially if you're not of Chinese descent.
- tiatia 11y ago
  I never heard about this. As far as I know you need to be Chinese to buy A-Shares. Having RMB or being paid in RMB is irrelevant since even a tourist can open a bank account in China or HK. Please elaborate in this.
  - seanmcdirmid 11y ago
    I think if you present your income tax receipts (your money was earned in China), as long as the money is earned in China. there are all sorts of problems that go away with income tax receipts since not any tourist can get a job and earn money domestically.

Foreigners can't invest in China's stock market.

irln 11y ago

Not advocating but I think you can invest in ETFs that track indexes like MCHI and ASHR.

Mikeb85 11y ago

You can since the SH-HK stock connect went live.

nogbit 11y ago

That's true, but, you can bet against it in the NYSE Arca http://www.google.com/finance?q=NYSEARCA%3AYANG http://www.google.com/finance?q=NYSEARCA%3AYANG

seanmcdirmid 11y ago

Sure we can. As long as we earn RMB and live in China, not that this tempts me.

desdiv 11y ago
Applying the principle of charity[0], I interpreted "foreigner" in this context as: >Foreigner may refer to: Alien (law), a person in a country who is not a citizen or permanent resident of that country.[1] If someone earns RMB and lives in China, then presumably they're either a citizen or a permanent resident. [0] https://en.wikipedia.org/wiki/Principle_of_charity https://en.wikipedia.org/wiki/Principle_of_charity [1] https://en.wikipedia.org/wiki/Foreigner https://en.wikipedia.org/wiki/Foreigner
- seanmcdirmid 11y ago
  Oh, the Chinese definitely don't see it that way. I'm sure my Chinese name is laowai because that is what I'm called everywhere. I'm neither a citizen, nor a permanent resident. The Chinese don't hand out greencards easily (maybe a few hundred a year) and even then often only to people of Chinese descent.
- PakG1 11y ago
  So... I earn RMB and live in China... but I'm totally a foreigner. In fact, foreigners can't really become permanent residents of China, especially if you're not of Chinese descent.
tiatia 11y ago
I never heard about this. As far as I know you need to be Chinese to buy A-Shares. Having RMB or being paid in RMB is irrelevant since even a tourist can open a bank account in China or HK. Please elaborate in this.
- seanmcdirmid 11y ago
  I think if you present your income tax receipts (your money was earned in China), as long as the money is earned in China. there are all sorts of problems that go away with income tax receipts since not any tourist can get a job and earn money domestically.