What would be the end game for JD.com? I think all you are holding is something tracking stock rather than actual stock as direct holding by foreign investors remains illegal in China?
I am holding all my China investments through HK listed tickers - these are the primary means allowed by Chinese government for foreign retail investors to invest in Chinese companies. There is also a QFII route to invest directly in A-shares (on Shanghai exchange), but those are not available to retail investors.
From whatever I read, the primary regulatory concerns lie only with ADRs - which hold the attribute you allude to, and also have the risk of delisting depending on Chino-US relations. However, my hope is that HK listings won't be affected - as China would like to use this route to tap into foreign capital.
(The risk that Chinese government could yank out all foreign listing is always there, but I consider it to be miniscule. Again, keeping my China exposure to a relatively small minority in my portfolio allows me to sleep well at night.)
What would be the end game for JD.com? I think all you are holding is something tracking stock rather than actual stock as direct holding by foreign investors remains illegal in China?
I am holding all my China investments through HK listed tickers - these are the primary means allowed by Chinese government for foreign retail investors to invest in Chinese companies. There is also a QFII route to invest directly in A-shares (on Shanghai exchange), but those are not available to retail investors.
From whatever I read, the primary regulatory concerns lie only with ADRs - which hold the attribute you allude to, and also have the risk of delisting depending on Chino-US relations. However, my hope is that HK listings won't be affected - as China would like to use this route to tap into foreign capital.
(The risk that Chinese government could yank out all foreign listing is always there, but I consider it to be miniscule. Again, keeping my China exposure to a relatively small minority in my portfolio allows me to sleep well at night.)