What part was i wrong about Mark???The part that Chinese citizens can't buy stocks directly from our markets???Or they can't go to Hong Kong and buy from there???
I asked Dr. Hu that question if the Chinese citizens could buy on our stock market..He said not as yet, but they could always go to Hong Kong and do so...
The following article is dated July of this year..
"Ten years from now, I can see a scenario where Chinese investors get to put some of their nest eggs overseas," said Fu Teh-Hsiu, the chief executive officer of Everbright Pramerica Fund Management Co., a joint venture between China's Everbright Securities and the U.S. retirement-fund giant Prudential Financial.
Interviewed in his Shanghai office, Fu said he expects that Chinese investors initially will stay closer to home, investing in Hong Kong before trying their luck in U.S. and other foreign markets.
"The ... floodgate is going to be opened very, very slowly. I don't foresee QDII being an overnight success nationwide, but three to five years before it reaches a critical mass," Fu said.
It seems likely that Chinese citizens will be allowed over time to invest abroad in the United States. There's clearly investor interest now.
"If there was a way, (Chinese) people would invest in blue chips in the U.S. market," said Larry Zhang, the chief financial officer for a large Chinese company. He asked that the company's name not be used for fear that it could be seen as contradicting Chinese policy.
Although the Chinese stock market has seen share prices rise almost 200 percent over the past two years, most Chinese economists think this isn't sustainable. Chinese view the U.S. stock market as a safe haven.
"The U.S. market is the most trusted," Zhang said.
Market Data 
Markets 
AI
