China, on track to be fully merged with Hong Kong in 2047, is poised to overtake the U.S. as the globe’s largest economy. Or is it? Investors who want to explore this as an investment opportunity need to understand not just the Chinese economy, but the market mechanics of China and Hong Kong and what type of access they offer. As China travels the road to world leader status we examine whether investors are welcome to join in the journey. The Chinese and Hong Kong governments are significant owners in most Chinese and Hong Kong stocks. Those that partner with these governments by owning stocks of companies based in China and Hong Kong should expect a bumpy ride impacted by politics, currency risk, and a changing investment landscape.