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  1. #11
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    Just answering my own question: https://www.kiwiwealth.co.nz/about-the-custodian

  2. #12
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    Quote Originally Posted by huxley View Post
    Just answering my own question: https://www.kiwiwealth.co.nz/about-the-custodian
    Thanks, I had that question too and was going to pose it to Hatch. But that answers things well enough for me.

  3. #13
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    Quote Originally Posted by blackcap View Post
    Thanks, I had that question too and was going to pose it to Hatch. But that answers things well enough for me.

    Hold the phone:

    * https://help.hatchinvest.nz/investin...-own-my-shares

    * http://www.icbc.com.cn/ICBC/E-bankin...ustodyAccount/

    So... they're held by an institution which is 70% owned by the Chinese govt? Such a random way to invest in the US!

  4. #14
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    Made a small deposit to see how it goes, will make an intail investment in Altria (mo), good USD income play.

  5. #15
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    Quote Originally Posted by huxley View Post

    So... they're held by an institution which is 70% owned by the Chinese govt? Such a random way to invest in the US!
    Weird!.
    Or, is it just the xenophobia?
    For clarity, nothing I say is advice....

  6. #16
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    Quote Originally Posted by peat View Post
    Weird!.
    Or, is it just the xenophobia?
    Fair enough! I did think that as I posted, if it had been a bank in any OECD country would it stand out..

  7. #17
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    Quote Originally Posted by peat View Post
    Weird!.
    Or, is it just the xenophobia?
    Nothing to do with xenophobia, China is a big red flag for me with their increasingly restrictive political climate, non democracy, president for life, clamping down on citizens, vauge property rights etc. I would not want my investments tied up in a country such as China.

  8. #18
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    Yeah, I tend to agree.. it’s something to keep in mind.. I’m prepared to put a small amount through though, under $50k to avoid worrying about the fif taxes.

  9. #19
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    Quote Originally Posted by blackcap View Post
    Nothing to do with xenophobia, China is a big red flag for me with their increasingly restrictive political climate, non democracy, president for life, clamping down on citizens, vauge property rights etc. I would not want my investments tied up in a country such as China.
    …...and I thought you were talking about the USA!

  10. #20
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    Quote Originally Posted by macduffy View Post
    …...and I thought you were talking about the USA!
    The shares may be in USA companies but they are effectively kept in China.
    Is it possible to then get caught up in Chinese rules that change at the whim of the Govt?

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