2828 could be an even better choice, I am in the same line with you on HK's outlook.

Can I understand that 2828 is basically 2800 minus the HK companies (like HSBC).

Low correlation is often understated, and diversification is key.

Right now all indexes globally are too correlated.

I admit that the FAANGs of China have not monopolized China's index like what happened in the US. It bites both ways I guess, if tech stocks drops basically most US Indexes will go down.

Indeed KLCI and STI are heavy on banks, if US is any indication the banks' weightage will drop. But also then again, banks is a local business and tech is not. US tech companies are able to take the world, but the same cannot be said of Malaysia and Singapore tech companies. So it could be a decade before the regional banks being taken out from the indexes like what happened to US, if ever.

I sometimes have reservations about smaller company whose market cap is less than 1B USD, are 2812 and 3173 big companies in the new economy, or smaller ones?

Yes, it's HSI without HK stocks, with extra Chinese H shares filling in the gap. HSCEI is a bit more volatile tho..

U can read this on A shares correlation:

https://www.kiplinger.com/article/investing...s-consider.html

And if u are familiar with mainland China, u know that the ppl are really big into all the apps and fintech stuff. I would like my Chinese investment to be overweight those, rather than old economy like banks, property development and OnG. HSI only gives me Tencent, mostly the rest are old economy.

And another reason is that China stimulus vs the coronavirus is also focused on the "new infrastructure" things like 5G, AI, IoT, biotech.. They are not doing a bazooka helicopter money like the US.

2812 is mostly the big ones like Baba, Tencent

3173 are the small ones u never heard before, listed in Shanghai and Shenzen. 300 of them screened by the fund manager. Potentially the future Baba and Tencent.

The only thing is that the ETFs are relatively small and trading volume is low. But the fund managers are pretty solid.

OK this is really interesting, I might even stop putting money into 2800 and start going into 2828.

Yes, you could say that I was in China before most did.

HSI only gives us Tencent, indeed.

OK so 2812 is big boy and 3173 is smaller players and 300 of them. Do they try to replicate an index such as "SZSE Technology Index" or they are active managers picking their own lot. How about expense ratios? I know I should Google all these....but since there's a sifu here.

Don't want to spoon feed you but u can look at the managers website.

https://etfprod.premia-partners.com/etf/3173

3173 is still on my wishlist, I haven't bought it yet. Waiting for some clarity in the world + I already have China exposure as I said. But from the same fund manager, I own some 2804 Vietnam ETF.

This post has been edited by Cubalagi: May 4 2020, 03:12 PM

For a 2 year fund the size is not bad at 100 M+ USD, expense ratio is 0.50%. Not bad considering there are so many competitors out there.

Will check it out.

But don't buy tomorrow. China mainland market is still closed for 1 May holiday. This ETF will have bad liquidity when mainland closed.

is china stocks bottom already ?

No one knows buddy

Hey man, just checked my China bank account (which I have not used for ages), apparently I can buy direct into their "ETFs" even though I don't own a brokerage account in mainland China.

They call it ETFs but it fact it is a fund but their allocation includes shares, I've taken a screenshot of one of the "tech / new economy" funds. And obviously you need RMB and a China bank account, so not the most practical, if you read Chinese here goes, just for fun.

The expense ratio is pretty high though. 2.5% to buy and 0% to sell if you hold it for over 730 days.

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This post has been edited by simplylegendary: May 5 2020, 05:01 PM

If you have a China bank account, can consider signing up for Sofi, formerly known as 8 Securities, which is based in HK. Free unlimited stock trading but some charges still applies.

In China, they have these "ETF wrappers" sold by the bank.
Basically a fund that invest in an ETF. It's good for the bank because they can sell it like a fund and charge stupid fees, not good for investors.

Yea apparently so....from the expense ratio fees. But I guess it's the same elsewhere whereby funds are wrapped around ETFs, like a glorified version of robo advisories.

Quick question, do you guys have your own CCASS account or your HK stocks are held under nominee?

You can only have that if you open brokerage on HK.
1. Do you have HK brokerage in HK?
2. Are you willing to travel to HK to do it?

Oh and HK brokerage charged like HKD 100 commision with ongoing dividend fee ya. Cannot escape.

This post has been edited by Ramjade: May 6 2020, 09:36 AM

1. I am using Standard Chartered HK Priority Banking to buy my HK shares, they probably have a brokerage license since I can do HKEX trading inside the online app. I don't know if the shares are held under nominee or with a CCASS under my own name.

2. Now lockdown....

Then I don't know. Cause as far as I know if you use a HK brokerage it's CCASS. Anyway CCASS all not important to me.

Not to mentioned riots have started again.

This post has been edited by Ramjade: May 6 2020, 11:15 AM

anyone heard about Zhong Chang International take over offer?

Saw the form stated intend maintain listing after deal closed.

So wat happen to investor who do not accept the offer?

Read some running messages last night over CNBC or CNA (can't remember) that China said something along the line of 'instability is not good for the territory'. So,... big bro going to step in soon ?

Tourism and Retail sectors the most hard-hit due to the protests.

Good about time they learn their lesson. Want to enjoy benefits of China but refuse to accept being part of china.

Let's see if China acts,... or just talk only,... The HUman Rights and Democracy Act evaluation for HK SAR is taking place soon, if my memory serves me right ! US will evaluate soon if HK continues to enjoy the benefits of no tariffs.

Remember this act was passed last year by Congress ?