Thread: The TSP and Chinese Investments

Another reason why there is no reason to add China risk. Didi was one of the biggest IPO's of the year and one of the most anticipated foreign IPO's since Alibaba. Wall Street was blindsided by Chinese government decision to examine Didi's practices. Ant Group was shelved in November 2020 after the IPO fell apart.

Didi’s American depositary shares fell 20% to $12.49, wiping out about $15 billion of market value and taking the stock below the $14 price from its initial public offering. Beijing-based Didi controls almost the entire ride-hailing market in China and raised $4.4 billion last week in the second-largest U.S. IPO for a Chinese firm.

Over the weekend, China also moved against two other companies that also recently listed in New York, -- Full Truck Alliance Co. and Kanzhun Ltd., Ltd.

https://www.bloomberg.com/news/artic...-to-remove-app

Another reason why we don't need China shares in any of our funds, Tencent and Alibaba make up 26% of the MSCI China index.

https://www.ishares.com/us/products/...msci-china-etf

Both companies are in CCP's crosshairs.

It's the five FAAMG stocks that make up 23% of the S&P 500. While that's still pretty concentrated, it's better than just two making up 3% more.

1. I’m not planning buying anything Chinese.

2. But if I wanted to, I don’t care what any Congress critter thinks- it’s NOT their money. It’s MY money now. F them. I should be able to, just like any other US citizen can.

3. If Chinese stocks are dangerous, the SEC and the Office of Foreign Asset Control should make them equally off limits to any U.S. investor- not just federal employees.

4. How come they fail to mention RUSSIAN company stock shares? THAT is a nation at war at the moment. Is it because the Russians give so much money to the NRA, which in turn funnels that Russian money into Congress critters coffers? https://www.politico.com/amp/story/2...ey-guns-516804


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