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

Shenzhen-HK stock connect reflects liberalizing capital

By OSWALD CHAN (China Daily) Updated: 2016-08-30 09:29

Shenzhen-HK stock connect reflects liberalizing capital

Financial analysts in Hong Kong reckon that the Shenzhen-Hong Kong Stock Connect, which will likely be launched in December, will facilitate larger and more balanced cross-border renminbi fund flows. [Photo/VCG]

Financial analysts in Hong Kong reckon that the Shenzhen-Hong Kong Stock Connect, which will likely be launched in December, will facilitate larger and more balanced cross-border renminbi fund flows.

The second equity trade link between the mainland and Hong Kong, announced in mid-August by the China Securities Regulatory Commission and Hong Kong's Securities and Futures Commission, would abolish an aggregate quota. The aggregate quota for the Shanghai-Hong Kong Stock Connect, launched in November 2014, was also scrapped.

"Against this backdrop of strong two-way equity market flows, the abolishment of overall quotas can be seen as an indication that the mainland's capital account liberalization is maturing and policymakers are becoming more comfortable with the nature of cross-border foreign exchange flows and the renminbi's outlook," said a research report on emerging market currencies from HSBC.

Though there is not an aggregate quota, the daily trading limits-10.5 billion yuan and 13 billion yuan for the southbound and northbound channels respectively-are still applied on both the Shenzhen and Shanghai market trade links.

"Over time, we believe these two-way investment schemes will enhance the renminbi's role as an investment currency, foster healthy two-way flexibility in the exchange rate, and help onshore and offshore foreign exchange (renminbi) curves converge further," the HSBC report added.

Linda Csellak, head of Asia Pacific equities at Manulife Asset Management, is more positive on the Shenzhen-Hong Kong Stock Connect than the Shanghai Hong Kong Stock Connect.

"There will be buying opportunities in small and mid cap companies, particularly in Hong Kong, with niche businesses at attractive valuations with scarcity value," Csellak noted.

The Shenzhen trade link will offer offshore investors access to 880 stocks listed in Shenzhen, with the major bulk of beneficiaries being small and mid cap company stocks and technology shares. Mainland investors can gain access to trade 417 stocks listed in Hong Kong under the second stock connect program.

Adian Yao, senior emerging Asia economist at AXA Investment Managers, said the second equity market trade link would foster more balanced renminbi cross-border fund flows.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久久激情五月 | 亚洲一级av毛片 | 在线观看成人网 | 欧美黄视频在线观看 | 色视频在线 | 日韩av手机在线播放 | 久久精品视频观看 | 深夜视频在线播放 | av性天堂网| 久久久亚洲 | 夜色爽 | 日韩成人精品在线 | 中文字幕网址在线 | 亚洲精品二 | 成人午夜在线视频 | 在线黄色av | 国产xxxx视频 | 免费看av的网址 | 国产一区二区精品在线 | 高压监狱满天星在线观看 | 91福利在线视频 | 青青草原成人 | 久久亚洲精品小早川怜子66 | 精品国产www | 岛国av免费在线观看 | 国产精品1区 | 一区二区三区av在线 | 亚洲欧洲色图 | 黄色大片免费在线观看 | jizz日| 日本91在线| 中国女人一级一次看片 | 欧美日韩视频 | 8x国产一区二区三区精品推荐 | 久草网在线观看 | 日韩成人黄色 | 久久精品视 | 成人午夜淫片免费观看 | 1024国产精品 | 国产精品不卡一区 | 狠狠干欧美 |