4Mon·

$BABA (-3.54%) 🤑

Chinese stocks are on the roll 💰 💵

Stocked up again today

$PDD (-3.17%)
$1211 (-1.7%)
$BIDU (-4.49%)
$NIO (-2.52%)

27.09

Alibaba ADR

Bought x40 at $106.48

$4,259.20

11 Comments

Max@bullish999

4Mon

But not an ADR...

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Hendrik@hendrik_lmr

4Mon

@bullish999 At least the Chinese state can't simply take away your ADR 🤷🏽‍♂️

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GHF@GHF

4Mon

@bullish999 everything else will be difficult with Chinese shares

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Seventrader@7Trader

4Mon

@bullish999 bullshit 💩

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Getking 👑.@Getking

4Mon

Why do ADRs exist? These certificates are used to make foreign companies easily tradable on a US stock exchange. As a shareholder from Germany, we would not be allowed to buy Chinese shares at all.

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TimLie@TimLie

4Mon

@Getking why was I able to invest in Xiaomi directly?

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GHF@GHF

4Mon

@TimLie China has banned foreigners from acquiring shares in certain sectors. You can then only participate in the share price performance viaADRs. I can't tell you whether Xiaomi falls into one of these sectors or whether you had an ADR.

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