日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Markets

Cross-border stock program offers change at the margin

By Oswald Chan (China Daily) Updated: 2014-10-15 09:17

The program will permit trades such as short selling by overseas investors, reports Oswald Chan in Hong Kong.

The Shanghai and Shenzhen exchanges were allowed to offer short selling and margin trading starting in March 2010 as they sought to deepen and diversify investor participation. Now, investors from Hong Kong and overseas markets will be able to follow these practices in Shanghai as well, with some conditions.

Cross-border stock program offers change at the margin

 Shanghai-HK Stock Connect: All you need to know 

Cross-border stock program offers change at the margin

 'Through train' set to green-light new system

At the start, the Shanghai-Hong Kong Stock Connect program will allow trading of 266 Hong Kong-listed companies and 568 Shanghai-listed A shares.

The initial quota is 300 billion yuan ($48.9 billion), or 13 billion yuan a day, for A-share trading by Hong Kong and overseas investors, both retail and institutional.

Another quota of 250 billion yuan, or 10.5 billion yuan a day, is for trading of Hong Kong shares by mainland institutions and retail investors who have more than 500,000 yuan in their securities accounts.

Hong Kong Exchanges and Clearing Ltd, which runs the Hong Kong exchange, said on Sept 26 that covered short-selling and margin trading will be allowed on northbound trading.

For short-selling, investors can borrow Shanghai-listed shares that are already eligible for this practice and sell them on the Shanghai Stock Exchange. There are several restrictions on this practice. There are daily quantity limits. The Shanghai exchange will be able to suspend short-selling if volumes become too high.

For margin trading, currently mainland investors can only do this for certain A shares. Under the Stock Connect program, Hong Kong and overseas investors will face similar restrictions. Haitong International Securities Group Ltd has estimated that about 400 issues will be eligible for margin trading.

"Initially, supply will be the main problem in lending shares to our clients," said Wilson Hui, executive director of Haitong International Securities.

Patrick Shum, Tangard Fund Management's investment manager, told China Daily that allowing short-selling and margin trading through Stock Connect will promote reform of the mainland equity market.

"Margin trading as a speculative activity is needed in the stock market because it can boost liquidity. Short-selling as a hedging tool is also needed because when short-sellers need to cover their positions through buying back shares, this creates a market rebound that can correct the market's direction," Shum said.

"In the long run, all these factors will benefit the development of the mainland A-share market."

The mainland market is still dominated by retail investors, who generally know little about short-selling and margin trading. Permitting these practices by investors from outside the mainland can help boost liquidity and stabilize the equity market, analysts said.

According to Citibank estimates, domestic retail investors account for more than 80 percent of the volume on the mainland market, while overseas investors account for less than 1 percent.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 国产区一区二区三区 | 国产999精品视频 | 日本黄色一级视频 | 国产精品久久久久永久免费看 | 国产永久免费观看 | 国产黄视频在线观看 | 日韩一区三区 | 黄色一及毛片 | 一区二区欧美精品 | 91福利区 | 天天做夜夜爱爱爱 | 日韩av一二三区 | www.黄色网址 | 久久成年人视频 | 欧美顶级毛片在线播放 | 日韩激情啪啪 | 欧美视频第二页 | 欧美色亚洲 | 久久久99国产精品免费 | 好吊色视频在线观看 | 79日本xxxxxxxxx14 精品久久在线观看 | 秋霞欧美视频 | 96国产精品 | 亚洲一区二区成人 | 四虎永久地址 | 成人欧美在线观看 | 久久a视频 | 国产又大又猛 | 日本在线观看一区二区三区 | aaa一区二区 | 国产又粗又猛又爽又黄 | 亚洲国产精品99 | 中文字幕在线观看一区二区 | 国产婷婷精品 | 欧美又大粗又爽又黄大片视频 | 四虎永久在线精品免费一区二区 | 成人性毛片 | 亚洲一区视频 | 91麻豆精品久久久久蜜臀 | 午夜精品久久久久久久99 | 亚洲视频黄|