久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Mainland funds may flow robustly to HK

By Duan Ting | China Daily | Updated: 2016-12-05 08:12

Southbound fund flows, from the Chinese mainland to Hong Kong, are expected to grow steadily as investors focus on value investments, according to market analysts.

Geoffrey Wong, head of global emerging markets and Asia Pacific equities at UBS Asset Management, said the second stock connect will not cause an overnight boom of fund inflows, but will lead to a longer term building up process, unless the regulators quickly deregulate restrictions.

He added that foreign fund managers will be looking for some quality companies listed in Shenzhen. At the same time, the Hong Kong equity market will continue to attract southbound flows because some investors will want to switch from assets priced in the mainland's yuan, which has been depreciating in 2016, to assets denominated in the Hong Kong dollar, which is pegged to the US dollar.

He said he believes different types of investors are attracted to different asset classes and markets. The Shenzhen market will draw investors interested in the healthcare and internet sectors. The consumer sector attracts investors to the Shanghai market.

In A shares overall, Wong prefers the e-commerce, mobile internet, education, healthcare and insurance sectors, adding that A shares are quite policy-driven. So, restrictions on money flows and property purchases can change investment strategies. He thinks the old economy sectors are still challenging due to their ongoing reliance on reform. For H shares, he said the property and steel sectors will retrace a little after stimulative loosening of credit.

Wong said that UBS Asset Management is launching funds that make use of the northbound flows and allow foreign investors to access A shares. The company will also look for opportunities to launch products for domestic investors to invest through the southbound connects.

Jiang Youheng, chief strategist at Guotai Junan International Holdings Ltd, thinks the second connect is a big step. It facilitates the establishment of a brand new China stock market, which potentially has a market value of approximately 80 trillion yuan ($11.6 trillion).

Jiang believes 2017 will be a new start for Chinese equity markets due to fund inflows from the property and bond markets and the effects of reform. The southbound connect will have a greater impact due to the cheaper valuation of the Hong Kong market.

He expects the Hong Kong Composite Index to reach 26,000, the Hong Kong China Enterprise Index to hit 11,000, and the Shanghai Composite Index to touch 3,600 next year.

He added that investors' current chase for blue chip stocks in the Hong Kong market shows their investment preference for value investments, and he prefers companies with good and stable earnings. The second stock connect allows investors to reach small- and medium-cap stocks in Shenzhen.

For northbound investments, he still favors sectors relating to consumption upgrading, healthcare, TMT, and new energy, but pointed out that old economy sectors will probably outperform new economy sectors at a certain stage due to the effects of reform.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    国内外成人在线| 色综合久久久久| 国产欧美日韩另类视频免费观看| 国产成a人无v码亚洲福利| 国产精品久久久久影院亚瑟| 日本精品视频一区二区三区| 午夜成人免费电影| 精品日产卡一卡二卡麻豆| 高清久久久久久| 夜夜操天天操亚洲| 日韩美女一区二区三区四区| 丰满放荡岳乱妇91ww| 亚洲一区中文日韩| 精品欧美乱码久久久久久1区2区| 成人一级黄色片| 亚洲一区二区三区影院| 精品国产伦理网| 99精品久久免费看蜜臀剧情介绍| 五月天欧美精品| 国产日产欧美一区二区三区 | 一本一道久久a久久精品| 亚洲国产日韩a在线播放| 欧美tickling挠脚心丨vk| 在线日韩一区二区| 亚洲国产精品成人久久综合一区| 日本精品一区二区三区四区的功能| 蜜桃免费网站一区二区三区 | 国产欧美一区二区在线观看| 色欲综合视频天天天| 天天操天天色综合| 亚洲国产岛国毛片在线| 欧美日韩成人综合| 成人一区二区三区中文字幕| 五月天中文字幕一区二区| 国产精品污网站| 日韩一区二区三区电影| 99久久精品国产毛片| 日本不卡中文字幕| 中文字幕视频一区二区三区久| 91精品国产综合久久蜜臀| 成人av在线播放网站| 麻豆国产一区二区| 亚洲在线视频网站| 国产精品私人自拍| 日韩午夜激情视频| 欧美视频中文字幕| www.亚洲人| 国产一区二区三区| 日本一道高清亚洲日美韩| 亚洲欧洲av在线| 久久久精品国产免费观看同学| 欧美三级电影网站| 成人一区二区三区在线观看| 毛片一区二区三区| 一片黄亚洲嫩模| 欧美激情一区二区三区全黄| 日韩一区二区精品| 欧美日韩在线三级| 97se狠狠狠综合亚洲狠狠| 九色综合狠狠综合久久| 日韩一区精品视频| 亚洲综合一区在线| 中文字幕视频一区| 国产欧美日韩精品在线| 精品国产青草久久久久福利| 欧美日韩一区二区在线观看| 色综合天天综合| 丁香六月久久综合狠狠色| 韩国av一区二区三区在线观看| 日日摸夜夜添夜夜添国产精品| 亚洲视频一区二区在线| 欧美激情综合在线| 国产亚洲一区二区三区| 精品久久免费看| 日韩西西人体444www| 欧美肥妇bbw| 欧美日韩精品系列| 欧美亚州韩日在线看免费版国语版| 成人国产一区二区三区精品| 国产成人免费在线观看| 久久99精品网久久| 美女久久久精品| 秋霞影院一区二区| 日本91福利区| 日韩中文字幕麻豆| 日日嗨av一区二区三区四区| 亚洲一区二区三区四区五区黄| 亚洲激情图片小说视频| 综合久久久久综合| 综合久久一区二区三区| 自拍视频在线观看一区二区| 1024国产精品| 亚洲麻豆国产自偷在线| 亚洲蜜桃精久久久久久久| 亚洲免费观看在线观看| 亚洲少妇最新在线视频| 亚洲欧洲美洲综合色网| 亚洲欧美日韩一区| 亚洲女人的天堂| 亚洲一区二区美女| 日韩国产欧美在线观看| 日本欧美大码aⅴ在线播放| 日本不卡视频一二三区| 久久精品国产亚洲a| 久久成人综合网| 国产自产高清不卡| 从欧美一区二区三区| a4yy欧美一区二区三区| 91女神在线视频| 欧美中文字幕一区| 欧美日韩国产免费一区二区| 欧美一区二区三区四区高清| 日韩精品最新网址| 久久日韩粉嫩一区二区三区| 日本一区二区不卡视频| 亚洲欧洲性图库| 亚洲网友自拍偷拍| 麻豆视频观看网址久久| 国产综合久久久久久久久久久久 | 色综合一个色综合亚洲| 欧美色视频一区| 日韩亚洲欧美成人一区| 久久久国产午夜精品| 国产精品视频麻豆| 一区二区三区四区视频精品免费| 五月开心婷婷久久| 久久精品99国产精品日本| 国产99久久久精品| 在线视频欧美区| 5566中文字幕一区二区电影| 欧美成人精品福利| 国产精品福利影院| 水蜜桃久久夜色精品一区的特点 | 在线影视一区二区三区| 欧美精选一区二区| 久久久www成人免费毛片麻豆| 国产精品国产三级国产专播品爱网 | 日韩欧美成人激情| 国产精品网友自拍| 亚洲国产精品一区二区www在线| 免费成人小视频| 成人免费视频网站在线观看| 欧亚一区二区三区| 精品女同一区二区| 亚洲精品写真福利| 亚洲成人av免费| 国产精品99久久久久久似苏梦涵 | 欧美一区2区视频在线观看| 久久久精品免费观看| 一区二区欧美精品| 国产一区啦啦啦在线观看| 色屁屁一区二区| 精品播放一区二区| 亚洲天堂av一区| 九九**精品视频免费播放| 91麻豆精品视频| 精品日韩在线一区| 亚洲综合在线免费观看| 国产在线不卡视频| 欧美日韩一区在线观看| 国产亚洲欧洲997久久综合| 亚洲一区二区高清| 国产91精品露脸国语对白| 欧美疯狂性受xxxxx喷水图片| 中文乱码免费一区二区| 日韩高清不卡一区二区三区| 成+人+亚洲+综合天堂| 欧美一级片在线| 亚洲三级在线观看| 国产乱理伦片在线观看夜一区| 欧美性大战久久久久久久| 欧美激情一区在线| 久久国产精品99久久久久久老狼 | 日本一区二区三区高清不卡| 日日夜夜精品视频天天综合网| www.一区二区| 2024国产精品视频| 亚洲成av人在线观看| 97久久精品人人爽人人爽蜜臀 | 亚洲午夜一区二区| 丁香激情综合国产| 精品国产乱码久久| 日日摸夜夜添夜夜添国产精品| 97se亚洲国产综合在线| 久久久久久久国产精品影院| 午夜av一区二区三区| 91女神在线视频| 国产亚洲精品aa| 九色综合国产一区二区三区| 欧美精品日韩一区| 一区二区三区鲁丝不卡| av在线播放成人| 久久精品一区四区| 久久国内精品自在自线400部| 欧美老女人第四色| 亚洲综合视频网| 91丨九色丨国产丨porny| 国产精品三级视频| 国产一区二区三区日韩| 日韩午夜电影在线观看|