>>7443808 BlackRock, Vanguard (and other big names) apply for mutual fund licenses In China-reports

China and the US are competing to consolidate and dominate global capital markets as the US tariffs seem to be having a crippling effect but only on China.

Hong Kong riots with many of the protestors apparently preferring to live in the US versus a future wholly-integrated Chinese Hong Kong.

US applauded Brexit pending and a "loose" financial union between NY and London (and all offshore islands) discussed in the news.

Tokyo, Seoul, Singapore, Canberra in the tank for the US.

These "US" hedge funds domiciling inside China run a very high risk of being fleeced (as Chinese banks already have been) to fund the Chinese state's sudden lack of positive cash flow (yeah tariffs!).

Moving money into one of those funds is for suckers I think.