Secure your financial assets as an expat in China

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Cheryl Moderator

Member since 15 October 2018

CherylModerator23 June 2023 05:38:47

12362

Hello everyone,

As we navigate the exciting world of living and working in China, it's essential to make informed decisions about our financial future.
We’d love to hear about the different investment options available for expats: how to invest in China or in your home country, explore international options or use online accounts.

To kick off the discussion, here are some guiding questions:

What are the investment opportunities as an expat in China? Are there any specific investment programs?

In your opinion, what are the advantages and disadvantages of investing internationally ? How is your experience with international investments?

What specific points should you consider regarding your investments as an expat (exchange rate management, international tax obligations or repatriation of funds)?

Do you use specialized banking services for expats, such as multi-currency accounts? What are the pros of these services and how do they help you with your finances?

How is the property market for expats? Are there any specific regulations or aspects we should be aware of when investing in real estate in China?

What strategies do you apply to save and invest for your financial future in China and/or to secure your children's financial future?

Thank you very much for sharing your experience with us!

Cheryl
Expat.com Team

Jupiter Member

Member since 20 June 2023

JupiterMember23 June 2023 11:10:56

We trade several ETFs using stock trading apps like the one Ping An has. The ETFs allow you to trade gold, silver, crude, as well as all the stocks and indices listed on the Shanghai and Shenzhen exchanges. You can also trade the Nasdaq, S&P, etc, as well as indices from other countries like Brazil, India, and France.

It seems you cannot short stocks. Also, when buying stocks here, you must hang on to them for at least 24 hours, and pay a small tax. I like that because it stops people from day trading and there should be a transaction tax on stocks.

We also got out of real estate and now rent as it seems real estate is likely to be flat or down rather than up for a while.

You can also buy bullion at what seems the cheapest place: Bank of China. When selling, if you keep the gold unopened, you will not lose the manufacturing cost.

Oh, and you can also trade Chinese ETF REITs in China, but they have been doing terribly since they were first issued (23 or so of them in all) in autum 2022.

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