Brokerage account for foreigners
Only USA citizen and green card holder are allowed to open American brokerage account. However with only one exception-Chinese!
Foreign citizens in Mainland China, Hong Kong, Taiwan are allowed to open an American brokerage account to buy USA stocks. No other foreign citizens even Japanese are allowed. I asked the brokerage firm why. They do not seems to know the answer.
I have not figured out why yet.
However, this abusolutely gives Chinese a great advantage in capitalistic world since most Chinese have strong desire to invest. They are natural born Capitalists as I have shown in previous post about longevity and forward planning.