Avoid Altogether – Too Risky, Even in HK:
Delisting is just one symptom of a deeper problem: persistent regulatory unpredictability and political risk. Whether it’s ADRs or HK listings, the underlying issues remain the same—opaque governance, sudden crackdowns, and limited shareholder protections. Moving to the HK market might dodge the SEC, but not Beijing. Investor confidence has been damaged, and capital continues to flee. Even local institutions are cautious. Until China’s policy direction becomes clearer, it's smarter to avoid these stocks entirely. Global opportunities abound—why chase returns in a high-risk zone? Capital preservation comes first.