1) First, relax -- at least for now. Unless you're reading this from China, you probably don't have much invested in these markets. Foreigners own just 1.5% of Chinese shares, according to Capital Economics. That number is growing, but only very gradually. 2) For Chinese investors, however, it's been a very wild ride.
For the purposes of NMSDC's program, a minority group member is an individual who is a U.S. citizen with at least 25 percent Asian-Indian, Asian-Pacific, Black, Hispanic or Native American heritage. Documentation to support the claim is required.
The homeownership rate for black households was 44.9 percent in 2011, lagging far behind the homeownership rate for whites (73.8 percent). Since fewer than half of black households own homes, this means that for the median (typical) black household, there is zero wealth from home equity.