China's crackdown on illegal cross-border brokers such as Tiger, Futu and Longbridge is milder for Hong Kong stocks than it looks, and likely positive longer term. Existing accounts can only sell for two years, so selling is gradual rather than a stampede, and legal channels like Stock Connect, QDII and Wealth Connect are untouched. Once old positions clear, that money should return via compliant southbound flows, adding liquidity. The hit falls mainly on the brokers' own shares. x.com 

Chinese equities, including Alibaba and KWEB, look set for a rapid reversal: after months of profit-taking and decade lows in many names while US markets reached highs, this morning's inflow is a positive sign. There is still value in many of these names. x.com 

Hong Kong equities look weak for three reasons. Overseas capital is not returning as strongly as media suggest, equity fundraising in Hong Kong has surged, and southbound inflows from mainland China are far weaker than before. x.com 

China-heavy emerging-market funds carry a lasting governance risk: autocratic leadership has little alignment with foreign shareholders. Chinese shares may offer tactical trades, but a permanent rerating is hard until the CCP is gone. x.com  x.com  x.com 

Chinese stocks should benefit from the development raised in a post the author replies to, though which individual name to pick is unclear. x.com 

Chinese stocks are back in a secular bear market, and a break of the USD/HKD peg, now nearing 7.85 again, would trigger financial armageddon. China large caps failed to hold above their monthly 200-period average, the Hang Seng is retesting key trend, and Hong Kong 10-year yields are rising. China has led global markets by about three quarters: it peaked in 1Q21 before US stocks and gold in 4Q21, and its bounce peaked in 4Q25, pointing to global weakness from 2Q26. This bet could be wrong. x.com 

China is following the policy path the US and Europe took over a decade ago, which should drive a sweeping structural bull market in Chinese equities spanning several Kitchin cycles. Per @baoshu88, China is moving away from GDP-only targets, with fiscal discipline narrowing the cumulative deficit for the first time in over two years and new hidden local government debt now banned. Lower macro cyclicality and volatility should pass into equities, steadily compressing Chinese stocks' volatility. … Show more

Sea Limited lets investors own a business run by ethnically Chinese leaders, now Singaporean, without the CCP constraints that drag down companies in China despite their ability to create wealth. @EndicottInvests avoids Chinese stocks however cheap they look, noting Alibaba returned just 22% in 12 years. x.com 

Hong Kong stocks will not rise without a strong narrative because liquidity is too poor. x.com 

Asian stocks outside chipmakers look like the best bargain today. Asia ETFs trade at all-time highs, but they are led by a handful of overweight AI chip stocks while 90% of Asian companies sit near 52-week lows, including Baidu, Alibaba and NetEase. Sea, Hesai and Grab are the preferred names for building Asia exposure. x.com  x.com