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Why do many fund financial products expressly state that they are not open to Americans? Is it because there are any special provisions in American law?

Overseas individuals and institutions are not allowed to directly invest in domestic funds, financial products and other financial products.

Indirect investment is only possible through products such as QFII.

In April 2013, the China Securities Regulatory Commission allowed Hong Kong, Macao and Taiwan residents working and living in mainland China, and foreigners with permanent residence rights to invest in funds, stocks, etc.