It's important to also consider how much you trust the CCP to actually pay out your hypothetical shares, should they ever become worth anything. It's possible that they may just confiscate them (or outlaw foreigners from trading or something similar).
There are examples where the CCP has materially reduced the stock price (e.g., by forbidding the company from making a profit) after it was marketed to western investors. And the typical ownership structure (VIEs) is incredibly fragile. As an individual I would not concentrate investment in Chinese companies due to CCP risk.
> Current regulations in China limit or prohibit foreign investment in Chinese companies operating in certain industries. For example, there are restrictions on foreign ownership of telecommunications companies and prohibitions on ownership of educational institutions.[7] To circumvent these restrictions, many China-based Issuers form non-Chinese holding companies that enter into contractual arrangements, intended to mimic direct ownership, with Chinese operating companies. Through these contractual arrangements, the China-based Issuer is generally able to consolidate the Chinese operating company, commonly referred to as a variable interest entity or VIE, in its financial statements, although whether the China-based Issuer maintains legal control of the Chinese operating company is a matter of Chinese law. Under this structure, the Chinese operating company, in which the China-based Issuer cannot hold an equity interest, typically holds licenses and other assets that the China-based Issuer cannot hold directly.
> These China-based Issuer VIE structures pose risks to U.S. investors that are not present in other organizational structures. For example, exerting control through contractual arrangements may be less effective than direct equity ownership, and a company may incur substantial costs to enforce the terms of the arrangements, including those relating to the distribution of funds among the entities. Further, the Chinese government could determine that the agreements establishing the VIE structure do not comply with Chinese law and regulations, including those related to restrictions on foreign ownership, which could subject a China-based Issuer to penalties, revocation of business and operating licenses, or forfeiture of ownership interests.
> Legal claims, including federal securities law claims, against China-based Issuers, or their officers, directors, and gatekeepers, may be difficult or impossible for investors to pursue in U.S. courts. Even if an investor obtains a judgment in a U.S. court, the investor may be unable to enforce such judgment, particularly in the case of a China-based Issuer, where the related assets or persons are typically located outside of the United States and in jurisdictions that may not recognize or enforce U.S. judgments.
Even then, you can make some money by indirectly investing in China's tech infrastructure by buying shares in a company that will buy and use hardware made in China.
