Geopolitics

The "Nvidia worth as much as all Chinese stocks" thing seems misleading/wrong?

https://focus.world-exchanges.org/issue/february-2024/market-statistics

https://en.m.wikipedia.org/wiki/List_of_countries_by_stock_market_capitalization

Nvidia is $2T, Chinese stock exchanges (HK, SZ, SH) add up to $10T+

What's up?

Root claim is by BofA, and the detailed version is “all Chinese companies listed on HK stock exchange”

This $1.7T may be different than the $4T+ on the list you provide bc not all companies listed on HKSE are Chinese

As to why “HKSE” = “all Chinese Cos”
Maybe they regard these as CCP intrapraneurship? :)

building /bracket | hosting /greatbooks + /gray | ex-BCG, ex-PHD | poli + phil + econ

*regarding SZSE and SHSE as CCP intraprenuership may be valid given these companies:

must be king-made by the CCP; 
must be CCP-gated from foreign capital; 
must allow continual CCP root access;
must be denominated in CCP Token

OSS + Rust. I have one goal in life: the ability to stop thinking at will

Bank of America — their chief investment strategist made the claim