China Growth Stocks

[derek2000]

TRIT - I do not have any shares so I am not following the situation specifically. But I can answer your question in general terms.

TRIT is US-traded company. The company SHOULD already have a few US based bank and security accounts to deal with US related business activities. I personally knew of dozen's of Chinese companies doing so. Since China has more restriction on money outflow, and much less on investment type of money inflow the companies tend to keep substantial percentage of US raised funds in US or HK accounts (in USD). The funds would be wired back to China, and converting to RMB as needed.

Yes, TRIT SHOULD have the necessary USD and accounts for security purchase. How much they would proceed is a different story.