You also cant actually legally own most Chinese stock. IE "internet" stocks. What you can buy is an instrument intended to track them. Its called a VIE.

That Alibaba stock you have? No, its a share from a seperate company setup in the Cayman Islands which should track the Alibaba stock. They are circumventing a Chinese law that makes foreign investment in Chinese companies illegal. It's a bad idea to own these.

I'm well aware--not saying it's a good idea to invest in China, but many investors are trying it now thanks to the success of companies like DeepSeek. I have a feeling many of them will be eating large losses in the not-so-distant future.