QUOTE(oOoproz @ Jul 28 2021, 07:38 PM)
Too scary to catch the falling knife based on past performance, the chain effect is too strong, just stay sideline and see how Chinese gov react first
I remember in March 2020, ppl say don’t catch the falling knive. Then we all know what happened. v shape and end up most didn’t get in.
I’ve been “catching the falling knife”, going heavier for each red day. Just a one day movement up yesterday was enough to break even.
For those who read too much anti ccp propaganda, suggest to follow @ruima on Twitter, or read “AI superpowers China, Silicon Valley, and the New World order” by Kai Lee. You need to get a balanced view from opposite sites too. Most news media writing about Anti CCP hasn’t step foot in China or even work in China tech industry before.
Recent education crackdown- ask yourself (in fact, read more about it, including opinions from both sentiments), what’s the ccp’s reasons for this? Do you think it’s a good thing long term wise?
China tech crackdown - hey, US failed to control their big tech. They want to, but failed to, or will take many more years. If US managed to control big tech’s power, I wonder what the headlines will be? I bet it’s gonna paint that scenario in a good light.
VIE structure poor? Holy shit, the FUD on this one. If VIE becomes null and void, the financial markets will be the least of your concerns then, there will be bigger implications than that.
ADR delisting? It’s fungible ffs. You can convert ADR to HK listed shares. Just pay some admin fees to your brokerage. If you’re holding ETF, they will sort it out for you. If the stock is not listed in HK, then there might be a problem, but with every problem, there will be a solution, your holdings will not suddenly vanish in thin air.
To invest in China, you need to understand CCP’s long term mission. Heck they even lifted 800m ppl from poverty. Don’t trust the numbers? Go have a walk along the streets of tier 5 cities then.
Edit: oh btw I never liked those chinese Edu stocks, so really don’t recommend them. When I mention China stocks, I meant the reputable ones like BABA TENCENT JD (and ETFs)This post has been edited by Raymond_ACCA: Jul 29 2021, 11:49 AM