Recently I have been intrigued by the lower prices of Chinese companies and decided to invest into China. But I stumbled open the problem that many Chinese companies you can invest into are VIE’s (Variable Interest Entity).
The company in question: China Resources Land Limited
For example see the following article: https://thediplomat.com/2014/09/no-one-who-bought-alibaba-stock-actually-owns-alibaba/
So, of what I understand of this is that nobody actually owns a piece of the company and if China decides that this system is illegal all investors would lose all their money.
So, I have been trying to find out if the company in question is a VIE or not and if by buying their shares I would actually own a piece of the company. But so far, I could find nothing that tells me how to see if a company is a VIE or not.
So, is there a way to find out if a company is a VIE or not?