RE: Almost $4bn claim is total wipeout here4 Feb 2025 21:34
Troajan,
Pick any country and their indices since 1985. I'm sure it's gone up.
China has been growing since 1981 so it's not rocket science to not link that the HK and China indices will rise too. 2019 marked the decline, China property crash, Covid 19 shutdown, HK protest, China sanctioned, Tourism and etc. (Many factors involved and not just one.)
Nothing to do with state control and nor did mainland China take control of HK in 2019. If you watch the videos you can see HK police kettling the HK protestors in T.S.T HK Polytechnic University which most of these clueless HK students (funded and trained by western NGOs) got arrested.
FYI: HK SAR follows the one country two systems model and has it's own elected politicians voted in HK people, HK big businesses and the China government which they each have 1/3 of the proportion.
Singapore is controlled by the PAP for a long time and China has looked up to and modelled itself own the success of Lee Kuan Yew. As much as one wants to invest through Singapore, this country aligned both to USA and China but a bit more USA. Therefore, Singapore will follow western sanctions and you still stand the risk of losing your China or HK monies/investment like if you invested in Russian stocks in the UK or USA or any western country. Only countries like buying Russian stock in Russia or buying China stocks in HK/China and not depend on western brokers will reduce your western sanctions risk exposure.