What happens after you convert the ADR's to shares of the actual Russian company in the ADR? You can't sell those shares anymore? Or you can only sell those shares on Russian stock exchanges? And what happens when you do? Your proceeds will be held in Russia and not in the USA or your country of residence anymore?
Yeah China wants $$ right now so any negative publicity that discourages potential investment into the country is going to be denied and spun. So dunno if there was really a problem or maybe a misunderstanding on Mobius' part or just some idiots at some Shanghai branch being overzealous and clueless at the same time. Shanghai is not the same as before; it's now under the total control of the CCP and doesn't really retain the tiny little bit of "free rein" to do things according to what's right and reasonable anymore I find. Just look at how the zero-covid policy was executed in Shanghai last April. It was horrible. People died, parents got separated from children, people starved and got beaten up and they still carried on. But then again, this is not unexpected. I mean if Hong Kong, that's supposed to be still protected under the "One Country, Two System" policy can even fall under the National Security Law with democratically elected legislators arrested and taken out right from the council chamber, what a little Shanghai that's completely in CCP's control since 1949 can do. LOL Glad Mobius got his money back or at least being told he is.
The real question is when will the Blackface Ski Instructor-in-Chief get booted from Canadian leadership? Trudeau is a real disaster. Amazing that no one in Canada, Australia, NZ, UK and soon US can afford to buy a house but their leaders all want to sell the country out to the Chinese. Looks like their long term plan of selling themselves to China is about come true.
No entirely true, no foreign buyers / investors want to buy houses in the middle of nowhere, or in a distressed high crime neighborhood. And these folks are not stupid. Canadians own far more properties in US than other countries combined. But if you live in a city or neighborhood, you want your property value to appreciate, not depreciate.
A splash news few years back, an nyc developer sold dozen condo units in Manhattan to a Taiwanese buyer, fully paid in bitcoins. You can google it.