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 Hong Kong Exchange & HK Stocks, Per title post-Extradition Bill W/drawal

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post Oct 11 2020, 03:56 PM

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any opinion on 3033.hk etf that tracks the Hang Seng Tech Index?
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post Oct 12 2020, 06:09 AM

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QUOTE(AVFAN @ Oct 11 2020, 11:13 PM)
i bought some on debut day, hkd7.70.

last closing 7.52.

been quite volatile, partly due to US tiktok ban issue, maybe wechat/tencent too.. tencent is in HSTECH etf.

but i have confidence longer term.
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would it be safer to just invest in 2801.hk? it consists of most tech companies anyway.
Top 10 holdings and weightage% as follows:
ALIBABA GROUP HOLDING ADR REPRESEN 20.44
TENCENT HOLDINGS LTD 14.33
MEITUAN DIANPING 4.45
JD.COM ADR REPRESENTING INC 2.42
CHINA CONSTRUCTION BANK CORP H 2.26
PING AN INSURANCE (GROUP) CO OF CH 2.23
CHINA MOBILE LTD 1.44
NETEASE ADR INC 1.33
BAIDU ADR REPTG INC CLASS A 1.25
INDUSTRIAL AND COMMERCIAL BANK OF 1.14

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post Oct 12 2020, 06:21 AM

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QUOTE(Hansel @ Oct 12 2020, 12:28 AM)
Out of the 4 available Tech ETFs listed in the HKeX, the one with the lowest fee is IShares HSTech, ticker symbol : 3067. Last close was HKD 15.74.

When or... more like IF Ant Financials can truly perform like everybody expected, upon Ant being included into these ETFs 6 months after listing, the ETFs will rise. Ant will pull everybody up,... thing is now, will Ant perform to expectations.... many funds are readying themselves to subscribe to the IPO upon approval by the HKeX. The SSE has already given its blessings,....

If The US Gov't keeps 'going after' Ant,....... will there be long term risks ? This is a question we must ask ourselves, apart from reading everywhere that Ant very much depends on China and not so much on US transactions. How abt if one day,... the HKD is 'totally unlocked' from the USD hedge ?

Our investments in the HKD will suffer then,....
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3067 consists of derivatives and other instruments, no? Rather than actually holding underlying assets in the index, is it considered less safe compared to 3033?

I doubt the peg will be lost. HK doesn't need US approval to peg its currency to the USD, unless US takes the nuclear option of banning HKMA from trading USD, like its sanctions against Iran. But HK is no Iran..
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post Oct 12 2020, 03:32 PM

starry starry night
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QUOTE(Hansel @ Oct 12 2020, 02:18 PM)
Derivatives will add another layer of risk to the 3067, but there is no denying that the results from having derivatives can swing either positive or negative in today's world. One things's for sure - when fees are lower, chances for higher returns would be guaranteed from this quality. Fees always eat in to returns.

The US govt does not need to totally ban the HKMA from having access to the USDs - they can always LIMIT this access. Limiting access will have devastating impacts too to HK as a financial hub. and finally,... the latest news from the White House :-

http://www.aastocks.com/en/stocks/analysis...NOW.1048112/all

With all sorts of ways that the US is taking to 'block' Ant and HK's progress as a whole,... I'm just thinking and tapping opinions with you guys to see if investing into HK is still a viable option anymore moving fwd.
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If anything I would be more worried about de-listing of Chinese stocks on the NYSE/NASDAQ, should they not comply with regulations in 2 years time. Currently I invest in Chinese stocks only on HKex. The only Chinese(?) stock I have on NYSE is YUMC but that technically is an American brand.

Beijing has been trying really hard to remove its reliance on HK as an economic hub. To do so Beijing has to build more trust in their own exchanges and currency, a difficult process. Just look at all the Chinese companies returning in hordes to the HKEX for secondary listings.

Personally I don't have much confidence in HK's old economy as a whole e.g HSBC 0005.hk where moms and pops used to put their entire fortunes in one stock for the sake of 'safe haven dividends' mega_shok.gif

I reckon US need HK as much as HK need the US. It's a strategic portal to China. The ramifications of breaking the peg is significant.

Then again I'm not a finance grad so please share more opinion on how US could limit this access? The way I see it for the peg to break is HKMA running out of reserves?
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post Oct 14 2020, 11:04 AM

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QUOTE(Hansel @ Oct 12 2020, 03:55 PM)
OK,... even if the HK mkt rising, with the US GOvt continuing to suppress a company like Ant, will Ant be able to rise to its fullest potential ?
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Close to 96% of Ant's revenue comes from mainland China. The other 4.4% only a small part from US. You need a Chinese bank account to use Alipay in US. The only presence it has is through partnerships with Walgreens to let Chinese tourists in the US pay with Alipay.

https://finance.yahoo.com/news/for-trump-ad...-185637574.html
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post Oct 14 2020, 09:35 PM

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QUOTE(Hansel @ Oct 14 2020, 04:08 PM)
I am not too sure of ALL available tactics which are in the arsenal of the US Govt,... but I was once with a state delegation to visit the State Dept and met John Boehner. They are very resourceful,...

How abt this : What if The US Govt instructs all their US-based and US-originated merchants NOT to use AliPay payment ?
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I think China is working hard to be self-sustaining and reliant. Trading with other countries increased, trying to kick out the USA. Only time can tell how that will pan out. It is not going to be an easy road for China for sure.

With 1.4 billion people in China, i doubt that will make any significant impact in the long run. They haven't even captured the entire market yet
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post Oct 14 2020, 11:20 PM

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QUOTE(Hansel @ Oct 14 2020, 10:56 PM)
Tq bro,.. but how abt this scenario. Is this possible ?

What if The US Govt instructs all their US-based and US-originated merchants NOT to use accept payment through AliPay ? This is doable, right ?

Just like the way they managed to compel all regitered financial institutions in the world to make new account-openings complete the Form W8-BEN,... I can name many initiatives that have been ut in-place by the US Govt to 'force' other countries to succumb to their wishes.
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I guess this risk is carried by all investments in HK and China, no? laugh.gif that's the inherent issue with investing in the Chinese market. US trying so hard to stab China front back sideways.

There's no denying China is on her way to become the next superpower. Used to be the British empire, then the torch was passed to the USA in the past century. All I can say is don't put all eggs in one basket. Diversification is key. smile.gif
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post Oct 27 2020, 09:09 AM

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Nov 5th is tentative listing date, 2 days after the election
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post Oct 27 2020, 07:32 PM

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QUOTE(Hansel @ Oct 27 2020, 02:24 AM)
HI bro,... good morning.

Yes, applied for a few hundred lots thru my private bank. Quite cheap this time, only HKD80 IPO Offer price per share for the HKeX tranche. Price came out this evening.

For 9988 last year, I recalled it was HKD176 per share, 100 shares per lot.
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Which bank is this, if you dont mind?
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post Nov 6 2020, 10:55 PM

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the IPO will happen...its just suspended lol
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post Nov 15 2020, 11:56 PM

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I doubt big companies in china would prosper without the blessings of the top dogs in the ccp. Pretty sure tencent and baba are where they are today because of ccp

Then again in china companies always have to uphold the interest of the country rather than shareholders’.


 

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