Investigations Leave Hong Kong’s Bankers Nervous
1 December, 2016
Year in Data 2016: China’s Dominance of Investment Banking Fees Reaches Troubling Levels
16 December, 2016Euromoney, December 2016
The long-awaited launch of Shenzhen-Hong Kong Stock Connect has coincided with an increasingly troubled attitude towards the very flows it is designed to enable. The new trading link, launched on December 5 two years after the Shanghai-Hong Kong Stock Connect initiative, allows foreign investors access to 881 local mainland stocks.
But it was a limp debut, with first-day inbound volumes of Rmb2.67 billion ($390 million), one fifth of the daily quota available, in sharp contrast to the opening day of the Shanghai link, which hit Rmb13 billion and exhausted the quota within the first session.
Crucially, the link works both ways, allowing Chinese investors to buy stocks listed in Hong Kong, and in this respect it falls at an interesting time for capital flows.
Full article: http://www.euromoney.com/Article/3646934/Asia-Shenzhen-HK-Connect-arrives-as-insurers-are-pilloried-for-investment
