Any totalitarian system ultimately responds to financial threats be restricting flight of capital and assets by unilateral restrictions which will necessarily lead to significant depriciation all the way to a total loss.
IN Russia the warning signs were present a decade ago, after Crimean annexation. Those who didn't heed︀ them, have paid a huge price. China is not immune to these very same risks︁ over the next 10 years. What do people think is going to happen to their︂ holdings in China when it makes a move on Taiwan?
The supposed attractions were obviously︃ a nonsense then, and remain so now. Yet its a lazy line which is easy︄ to coach and which receives nothing like enough challenge. Its a marketing ploy, like ESG,︅ or 'the Great Rotation' (remember that one?), utilized by useful idiots, (allegedly) active agents of︆ the CCP, and the straightforwardly greedy.
One thing I keep pondering; given the continued huge︇ trade surpluses the Chinese economy continues to run (or, at least, report), why has there︈ been so much pressure on the FX rate? My kneejerk reaction is that domestic sources︉ are desperate to offshore as much wealth as possible.
And when people say "foreign ownership︊ of Chinese equities", does that mean actual shares in the companies themselves? Or shares in︋ a legally meaningless shell company in the West that entitles you to nothing?