Brokerage for HongKong stock

[Overtrade]

Hongkong so cheap & interesting now..

In the context of potential decoupling and rising tensions between the USA and China, I am considering where it would be best to hold Hong Kong stocks.

InteractiveBrokers – a typically American solution.

SaxoBank – theoretically controlled by Chinese capital but rooted in the Union of European Socialist Republics.

Swissquote – might be the best idea of all these options.

Are there any brokers in the UAE that allow for online account opening?

What method would you use to purchase Chinese stocks to avoid a scenario similar to the Russian stock situation in 2022?

 

[backpacker]

I am considering where it would be best to hold Hong Kong stocks.

Look at fees and make sure that you do not hold them in an Omnibus account.

What method would you use to purchase Chinese stocks to avoid a scenario similar to the Russian stock situation in 2022?

Don't touch them!

 

[Martin Everson]

In the context of potential decoupling and rising tensions between the USA and China, I am considering where it would be best to hold Hong Kong stocks.

Very wise decision. Following US delisting of Chinese Stocks on US exchanges under Trump this is right path to go as shots have already been fired with that move.

Never buy and hold any Asian stock in general in a western brokerage account. In worst case if you have to then use one that is majority Chinese owned like Saxobank in Denmark.

Closest I have found is FSM HK which is Singapore broker but has local HK entity also.

P.S I would still like to find a native HK broker also which would be best situation.

 

[thomasparra]

HK is an amazing city and rather stable to do business or set residence in but I would not touch China stocks with a pole (I got burnt before), unless you view them as a speculative investment for a smaller part of your portfolio.

Shanghai index ATH was in 2007 lol.

The real economy is not correlated to the stock market in China. Too many state owned enterprises, complete lack of transparency for the shareholders, lack of governance policies. China stock market is more of a gamble, and the Chinese actually view it exactly this way. They invest in it for the very short term, almost like when they gamble on horse races lol.

things will probably change for the better in 10-20 years.

 

[369]

Many half russian half western companies moved to Kazakhstan to be avaibable for both sides.

​

 

[benbao]

Tiger Broker is a good option for all major Asian exchanges.

 

[Martin Everson]

Tiger Broker is a good option for all major Asian exchanges.

Cheers

 

[latindev]

Just be aware that tiger brokers is not really free like some people say... still pretty cheap imo, have been using them for years without issues

 

[Martin Everson]

The main issue here is financial system decoupling.

I think after U.S decoupled Iran from global financial system and now Russia over Ukraine war. China will certainly be next to be decoupled over Taiwan issue. It is just a matter of time. But China has been smart in encouraging trading partners and BRICS members to trade in their local currencies and bypass the dollar. Hence the economic impact of any unilateral U.S sanctions on China around the use of USD (and its banks that use it) would be limited and do very little to disrupt existing trade with partners. Similar to how Russia continues to sell oil its and gas in Rupees, Yuan, AED, RUB etc etc

In the end decoupling will happen as the U.S empire does everything it can to halt the rise of China down to even freezing their $778bn in U.S Treasuries. China is fully aware of this btw and has been reducing their treasury holdings every month at a time when you think they would be buying more Notes due to higher returns.

https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.html

P.S Lets hope Janet Yellen's visits to China help them work things out as this could be very bad for U.S - politics aside .

 

[jafo]

The main issue here is financial system decoupling.

I think after U.S decoupled Iran from global financial system and now Russia over Ukraine war. China will certainly be next to be decoupled over Taiwan issue. It is just a matter of time. But China has been smart in encouraging trading partners and BRICS members to trade in their local currencies and bypass the dollar. Hence the economic impact of any unilateral U.S sanctions on China around the use of USD (and its banks that use it) would be limited and do very little to disrupt existing trade with partners. Similar to how Russia continues to sell oil its and gas in Rupees, Yuan, AED, RUB etc etc

In the end decoupling will happen as the U.S empire does everything it can to halt the rise of China down to even freezing their $778bn in U.S Treasuries. China is fully aware of this btw and has been reducing their treasury holdings every month at a time when you think they would be buying more Notes due to higher returns.

https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.html

P.S Lets hope Janet Yellen's visits to China help them work things out as this could be very bad for U.S - politics aside .

Check your DM.

Are there any brokers in the UAE that allow for online account opening?

Do you want UAE or Hong Kong-based?

 

[Overtrade]

I believe that in the case of decoupling, if I am unable to set up anything from Hong Kong, then a UAE broker might be a good option. I don't think the UAE will align with the USA in the decoupling of China. I don't see any other reliable alternatives besides the UAE for this purpose, do you?

For instance, I think Switzerland is under the influence of the USA. Denmark as well, and Saxo might not be a good solution in this situation.

 

[jafo]

if I am unable to set up anything from Hong Kong

Have you tried to open a brokerage account in Hong Kong?
If affirmative, in person or online?