QUESTION: Where are your Chinese stocks?
ANSWER: We don’t recommend holding any Chinese stock in an equities portfolio.
Essentially, transparency on the economy, markets and companies in China is very low due to reasons most sentient life forms would be familiar with. The conditions could be great; the conditions could be terrible: no one knows for certain. (Actually, if someone says they do know, they are lying unless they are members of the Politburo.)
However, we do know something important about China: the weathly are leaving. This is not like US plutocrats leaving New York for Miami. There are serious issues for Chinese folks to change their domicile so the reasons must be substantial.
TSA posits that conditions to increase wealth in China is now not as great as it was during the time the Chinese emigrants created their first million(s). Hence, if insiders are leaving, why should you invest?
Contact TurnerStreet if you wish to buy our current asset allocation recommendation (we do cash and equity only allocations for our wholesale clients), and the list of the stocks TurnerStreet would buy for a typical wholesale client, or if you would like TurnerStreet to manage your equities and derivatives portfolio.