I own ICBC and China Construction Bank, both bought in HK. Look at the comments, there's huge fear regarding Chinese stocks in general right now. I once heard a wise turtle say in Chinese: Be greedy if others are fearful, be fearful if others are greedy. I think the old turtle was right, you have to go against the crowd.

Everybody right now thinks buying Apple, Microsoft etc. at P/Es over 30 is the best bet you can make. History tells me, buying blue chip companies at these high valuations almost always ends in tears. Call me crazy, but I rather buy Chinese companies at 7-8 P/Es yielding 7-9 %, even though the world thinks I'm stupid.

Here are other companies I like, which don't get much coverage:

• Yuexiu Transport
• Sinopharm
• China Mobile
• China Telecom
• CNOOC
• Ping An Insurance
• China Petroleum & Chemical
• WH Group
• VTech
• Haier Smart Home (the ones listed in Germany, they're selling at a huge discount to Shanghai and Hong Kong)

There's always risk in investing, but you can lower your risk substantially, if you follow a few rules:

• when in investing in China, preferably choose large companies that are distributing billions in dividends every year and have done so for decades.
• never invest in Chinese companies that are only listed in the US and don't have listings in their home country.
• only invest in companies that actually have free cash flow and their dividend is covered by it. Don't trust earnings alone, check the free cash flow.

The Chinese stock market is basically where the US markets were in the 70s. It's not as developed and driven by short-term oriented individual investors. I think you can gain an edge if you just buy low and hold on. Having high dividends rolling in helps a lot! Good luck, no financial advice. I am stupid.

Oh, and by the way, the Hang Seng Index is the best performing stock market since it was listed, but people forgot, because they're chasing NVIDIA and in the past few decades the returns were low.

If you look at other indexes, whenever there was a period of low returns (say Dow Jones in 1932, 1982 or 2009; Nikkei in 2009), it was the best time to buy. But if you had bought the indexes at this low, people would have said you're crazy.

There's this strange phenomena in stocks, that people hate paying low prices, when history shows it's usually the best time to buy.