Yeah. I'm pretty sure that is the endgame for the CCP. Now that they got the money from the West move them back to the HK exchange. At least that is the rhetoric from Xi and friends.
KWEB (or the 2X CWEB) seems like it may have bottomed. It seems to not fall much anymore and it has done a lot better than the US tech stocks recently. However on CNBC Asia this morning a few analysts seem to intimate the crack down on regulation isn't quite done yet. Assuming the stocks in the ETF don't get the death penalty its probably worth the risk. I've noticed the EEM seems to outperform the US markets recently so maybe the US dollar will finally fall. You really need the tailwind of a falling dollar to realistically outperform if your buying these foreign ETFs.
A majority of holdings of kweb are either listed in US or HK, as the HK dollar is pegged to the US dollar, the currency risk is minimum.
What happens to KWEB options if the ETF is dissolved and then starts trading as an ETF on the HK stock exchange? I'm not sure if this is a plausible scenario, but still wondering.