男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

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: 兖州市| 扎兰屯市| 闽侯县| 花莲市| 会泽县| 开鲁县| 彩票| 怀来县| 玉溪市| 龙泉市| 日喀则市| 九江市| 遂宁市| 墨脱县| 黄陵县| 铜梁县| 白朗县| 长宁区| 潜江市| 玉门市| 青海省| 乌什县| 额敏县| 黄陵县| 天峨县| 左贡县| 独山县| 和平县| 樟树市| 仪征市| 东乌珠穆沁旗| 乌拉特中旗| 察哈| 富源县| 兰溪市| 满洲里市| 蒙自县| 当阳市| 舟山市| 微博| 公安县|