Investing in Chinese Equities
Can most U.S. hedge funds invest in individual Chinese stocks? How about individual U.S. investors?
Can most U.S. hedge funds invest in individual Chinese stocks? How about individual U.S. investors?
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Hedge funds can generally invest in any market that they want to. An individual investor would have to find a broker that has access to the Chinese exchanges
H-shares in HK and ADRs traded in NYC yes. A-shares you need a special QFII license and only large asset managers have those. Market is still pretty immature though I think 70% of the volume is retail
For individuals I think a lot of people use interactive brokers but you need a $10k account minimum
yea they can but many of these companies are scams and are more or less penny stocks. i saw some show where these massively hyped companies in china were more or less just old warehouses with a few boxes / old furniture sitting in them and they were supposedly the next greatest thing
i dont trust fish heads as far as i can thrown em..
Was the show referring to the Chinese reverse mergers? Because I remember the big scandal with those a few years back (they raised millions for non-existent businesses). Reverse mergers can escape a lot of the scrutiny that ADRs receive to get listed. (I actually got burned on these... serves me for not doing due-diligence...)
Additional info:
QFII licenses require $10 bn AUM, so individuals cant buy A shares. Unless, of course, you're a billionaire...
B shares are open to outside investors, but these are illiquid, and not available for most chinese companies (fear of being branded as somehow un-chinese). You also have to convert currency to RMB.
H shares and ADRs are a good way to bet. A lot of the larger companies list this way. There are also a bunch of Chinese companies on the Singapore Exchange, so that might be another option.
3/5 Chinese companies are only real on paper
3/5 black people count as a person. Oh wait, wrong century.
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