First, China people can buy foreign stocks, such as American stocks. Then you can find a broker of the American stock exchange to open an American stock account, and then you can start investing in American stocks. Of course, cross-border investment is not so convenient, and we can also use the power of institutions to realize overseas investment through QDII funds. For example, QDII funds such as Nasdaq index fund, S&P 500 index fund, American high-quality consumer index fund and American real estate trust fund can invest in US stocks as long as they pay RMB, thus avoiding the trouble of opening overseas accounts and exchanging currency. Domestic QDII funds, in addition to the investment direction of US stocks, also include the stock markets of Hong Kong, Japan, Vietnam, India, Germany, France, Britain and other economies. In fact, many foreigners have no intention of opening an account in A shares and investing in stocks. Most of them may not be professional investors and have their own work and life. So, just like we buy QDII funds, they also invest in A shares by buying QFII funds. For example, in the past year or so, international index companies have included A shares in their emerging market index stocks. After these indexes are included in A-shares, index funds of fund companies passively buy constituent stocks including A-shares on schedule, and investors investing in these index funds is equivalent to investing in A-shares.

Second, first of all, China has never allowed any domestic companies to carry out US stock business; Secondly, the state does not advocate the speculation of US stocks in China, no matter before or now, but it can't control you and protect you. As for U.S. stocks, it should be understood that investors all over the world are allowed to participate in U.S. stocks. China has never legislated that it is illegal to speculate in U.S. stocks. But China Company, which claims to be a broker of American stocks, is definitely illegal and does not exist!

Three, China's "Securities Law" stipulates that no unit or individual may engage in securities business without the approval of the the State Council Securities Regulatory Authority. China's "Regulations on the Supervision and Administration of Securities Companies" stipulates that overseas securities institutions shall engage in securities business in China with the approval of the the State Council Securities Regulatory Authority. At present, apart from qualified domestic institutional investor (QDII) and Shanghai-Hong Kong Stock Connect, we have not approved any domestic and foreign institutions to provide services for domestic investors to participate in overseas securities trading. Except for QDII, Shanghai-Hong Kong Stock Connect and other officially designated overseas investment channels, others are not officially recognized in China. That is to say, people who are doing US stock business in China can't be called "brokers" in the industry terminology of US stocks, but their essence is "not disclosing brokers". These companies are either registered abroad or registered in the domestic non-securities industry.