I just discovered that Alipay has a global investment module, where you can invest a minimum of 10 yuan in the S&P 500, Nasdaq 100, U.S. bonds, oil and gas, Japanese, and Indian stock markets.


The purchase fee rate is only 0.16%, with 16 yuan deducted for 10k yuan, much cheaper than China Merchants Bank's 1.2%.
However, there is an annual management fee of 1.2% and a custody fee of 0.2%.
U.S. stock broker CRS tax is 20%, but this is subsidized and tax-exempt.
Over the past 100+ years, the S&P 500 index has an annualized return of about 10%, after deducting inflation it still reaches 6-7%, this is incredibly attractive!
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