How the ADR Market Is Exposing Hidden China Risk

Lucas and Luna dive into the quiet but dramatic shift happening with US-listed Chinese ADRs. With the SEC proposing fresh tariffs on 60 economies over forced labor trade practices and China's yuan weakening, the episode focuses on a specific data point: the 1.3% gain in the FXI China ETF this week masks a deeper divergence. Lucas breaks down how the ADR market is now pricing in political risk that doesn't show up in Hong Kong-listed shares. They discuss what this means for portfolio construction, referencing the trade-weighted dollar index at 118.9 and the yuan at 6.77 per dollar. No broad macro chat — just a concrete case of hidden risk in a popular corner of emerging markets. #ADRs #China #EmergingMarkets #FXI #Yuan #TradePolicy #SEC #Tariffs #PoliticalRisk #GlobalEconomy #USChinaTrade #PortfolioConstruction #RiskManagement #HongKong #ForcedLabor #SupplyChains #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo