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

Broker stocks up on Shenzhen-HK link expectations

By Zhou Mo in Hong Kong (China Daily) Updated: 2016-08-12 07:43

Broker stocks up on Shenzhen-HK link expectations

An investor watches an electronic board showing stock information at a brokerage office in Beijing, March 30, 2016.[Photo/VCG]

Brokerage shares gained big in both mainland and Hong Kong stock markets on Thursday, amid growing expectations of the launch of the long-anticipated Shenzhen-Hong Kong Stock Connect program.

Guotai Junan International Holdings Ltd saw its stock surge 8.33 percent on the Hong Kong stock exchange on Thursday. Haitong International Securities Group Ltd jumped 7.85 percent, while CITIC Securities Co Ltd rose 4.23 percent.

The brokers also gained on the mainland side, with securities stocks gaining 0.57 percent on Thursday, despite average overall losses on both the Shanghai and Shenzhen bourses.

First Capital Securities Co jumped 5.31 percent on Thursday to close at 38.29 yuan ($5.78), Guoyuan Securities Co gained 2.83 percent to finish at 19.26 yuan and CITIC Securities rose 1.16 percent.

"Recent news about the launch of Shenzhen-Hong Kong Stock Connect is no doubt a big boon for brokers because they will be among the beneficiaries of the move, and this has pushed up brokers' share prices on both mainland and Hong Kong capital markets," said Zhu Bin, strategic analyst at the research and development center of Southwest Securities Co.

"But the gain will be short-term as the good news is only a policy catalyst for securities. For brokers, benefits brought by the new stock connect will be limited," Zhu said, adding that the Shanghai-Hong Kong Stock Connect, the first stock trading link between the mainland and Hong Kong, only contributed less than 5 percent to the growth of brokers' business.

Zhu expected that the stock connect between Shenzhen and Hong Kong would be launched in October or early November.

Hong Kong Exchanges and Clearing Ltd, the city's stock exchange operator, said on Thursday that it is waiting for approval from the regulators and does not have any information on when it will be launched.

Li Xiaojia, chief executive of HKEx, said on Wednesday the bourse is technically ready to implement the stock connect.

Last month, Hong Kong Securities Association Chairman Benny Mau was quoted by Hong Kong media as saying that there was big chance that the stock link between Shenzhen and Hong Kong could be announced in August. The stock connect could officially go into operation in October, the report said.

The Shanghai-Hong Kong Stock Connect was launched in November 2014. The program generated HK$71 million ($9.15 million) of income over the first half of 2016, down 38 percent compared with the same period a year earlier.

The Shanghai Composite Index dropped 0.53 percent to 3,002.64 on Thursday, while the Shenzhen Component Index fell 1.28 percent.??

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 松原市| 太保市| 泸州市| 和林格尔县| 乐清市| 阳城县| 嵩明县| 林西县| 余干县| 德格县| 南投县| 青河县| 团风县| 宁远县| 镇安县| 曲阳县| 佳木斯市| 阿勒泰市| 澳门| 嵊州市| 贞丰县| 承德市| 武川县| 顺平县| 当雄县| 通渭县| 丰台区| 富蕴县| 天柱县| 石台县| 上栗县| 密山市| 栾城县| 凯里市| 惠安县| 祁连县| 开封市| 翁牛特旗| 兴仁县| 延吉市| 盖州市|