Correction: China does not allow dual citizenship only when it doesn't benefit them. When it does, they have no problem allowing it. In the most recent Winter Olympics, they allowed numerous 100% foreign citizens to play for China, the most prominent one being Eileen Gu, an 100% American citizen, born in America and received all of her training in America to compete for China. In Men's ice hockey, out of an entire Chinese hockey team, only 6 players from the roster were Chinese citizens, the rest were all foreign citizens with 11 Canadians, 6 Americans and 1 Russian. And when it comes to arresting people, they are even more enthusiastic in relaxing their non-acceptance of dual citizenship. Numerous Uighurs have been arrested in China on the claims that they are still Chinese citizens even after they've become full-fledged citizens of foreign countries. So for these American executives and engineers, it would be up to them. Do they want to renounce their American citizenships to become traitors to help the Chinese or do the right thing to come back to America when they weren't supposed to be in China in the first place? I imagine China would throw the world at their feet in order to retain them just like what they did to Eileen Gu during the Winter Olympics and she was just an 18-year-old who knew how to jump on snow.
"... there are many in-roads to dual citizenship for top-tier athletes. The US, for instance, offers its EB-1 visa for people of “extraordinary abilities” and recruited athletes from Poland, Kenya, New Zealand and China, among others, to TeamUSA ahead of the 2008 Summer Games in Beijing. In the 2020 Summer Olympics in Tokyo, which took place in 2021 due to COVID-19, at least 34 of the 600 TeamUSA Olympians were born outside the US. https://www.artoncapital.com/indust...tizenship-prevails-this-winter-olympics-2022/
Assuming they are true which I truly doubt so. I honestly did not see one Chinese face among the athletes on the US team during the summer Olympics because US doesn't really give much crap about winning medals unlike China that gives out prize money for each medal that you win and by colour. The Olympics is about sportsmanship and having fun, not about winning. But still this is China we are talking about. They specifically state that they do not accept dual citizenship.
I shorted TSM and ASML, and heavily long NVDA and AMD but don’t touch Intel. As a US person, I can’t trade SMIC in Hong Kong, which I sold at a loss two years ago. SMIC did a good job on ADR market for years and I tripled my returns in 2 years. But after Trump ban and SMIC delisted from ADR market and went for a HK IPO, the price dropped significantly. If I were allowed to buy the stocks again, I will do so in a heartbeat. The value is there, the market is there, the technology is catching up fast, why not?
That's bullcrap. People trade on non-US exchanges all the time. Many US brokerages including IB have offices all around the world. What if you are a client of theirs, you are not allowed to trade on these exchanges in foreign countries? IB even has different commission structures for financial products in different countries all around the world. And Trump never banned US citizens from trading on foreign stock exchanges. And those companies got delisted from the ADR market because they choose not to comply with the reporting requirements that are mandatory for ALL companies. Of course for China, they always have to be an exception to the rule. All other countries have no problem to comply but China? No. That's why they got delisted. Nothing to do with Trump.
That is incorrect. I posted on other forums because I travel to SEA very often. In 2017 trip, I stayed in JW Marriott for a week meeting few bankers. In the conference room, an Australian guy was running democracy promotion type of event, and how to organize. I sensed that it is some sort of “color revolution” in the air. Of course I couldn’t be certain it is backed by NED but it does seem odd and out in the open of anti-China agenda in its own city. Then trade war started and long and behold, the street protests began. I always felt it is a stupid idea to make troubles in HK. It is a spy mega center because its lack of security law, even the North Korean can roam free, and to a certain extent it is a money laundering hothouse. Now all the agencies are gone. It took the Chinese less than three months of patience to retake full control without bloodshed. The price Hong Kong paid is just economic, but I am sure it can bounce back in few years.
Nice Chinese propaganda!! LOL Even the North Korean can roam free? What's wrong with North Koreans? Why can't they roam free? LOL Never heard of those bullshit NED or "colour revolution" or whatever. How do colours have a revolution?? LOL Hong Kong being a spy centre? LOL How do you know that? Are you a spy yourself? LOL
You are just bullshit. I bought 2500 shares of 981.HK on 7/12/20 at average price 43.25 HKD. After Trump’s ban, Interactive Brokers put a restriction (not more open positions, sell only). I sold on 4/21/21 at 25.70, lost of 43k HKD, about $5540. That was the second largest loss in my book that year. I am pretty sure Matthew’s Asia and Franklin Templeton also lost big on their books MTM. I don’t know if they find a way transfer it’s position to a non-us entity.
Yeah that's because the stock itself got delisted and it's not because of Trump ban. I told you it's because the company did not choose to comply with the SEC reporting requirements. Nothing to do with Trump. If you lost money, you should ask the Chinese government why it didn't allow Chinese companies to comply with US SEC reporting requirements for all companies no matter where they are from? Oh of course you can't. All in all, US citizens can still trade on non-US foreign financial exchanges all around the world. What you said below is just not true.