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

Shenzhen-Hong Kong Stock Connect kicks off

Xinhua | Updated: 2016-12-05 10:10

Shenzhen-Hong Kong Stock Connect kicks off

A Chinese investor smiles at prices of shares (red for price rising) at a stock brokerage house in Haikou city, Hainan province, March 23, 2016.[Photo/IC]

HONG KONG - The Shenzhen-Hong Kong Stock Connect, the second link between the mainland and Hong Kong bourses, was launched on Monday.

Ceremonies were held simultaneously at Hong Kong and Shenzhen bourses via video link as Hong Kong Exchanges and Clearing (HKEX) Chairman Chow Chung-kong and Hong Kong Chief Executive Leung Chun-ying jointly beat a gong to mark the launch.

It is the second link of its kind to boost opening up of the mainland's capital market after a similar link between the Shanghai and Hong Kong bourses was launched in 2014.

"Following the footsteps of Shanghai-Hong Kong Stock Connect ... Shenzhen-Hong Kong Stock Connect is yet another milestone in deepening mutual access between the capital markets in China's mainland and Hong Kong," Leung said at the ceremony.

The new scheme is aimed at giving global investors access to stocks in the tech-heavy Shenzhen market via Hong Kong bourse. A total of 417 stocks on the Stock Exchange of Hong Kong are eligible for trading, and 881 stocks are eligible on the Shenzhen Stock Exchange.

Compared with Shanghai-Hong Kong Stock Connect, the new scheme between Shenzhen and Hong Kong represents "an enhanced version" in terms of its expanded scope of eligible securities, as well as the lift of limits on aggregate quota upon its launch, Leung said.

The Shenzhen-Hong Kong Stock Connect is exemplary of Hong Kong's combined advantages of "one country, two systems," he said. "We are, indeed, a 'super-connector' between the rest of China and the rest of the world."

Hong Kong stocks' benchmark Hang Seng Index opened 15 points, or 0.07 pct, higher on Monday morning.

HKEX Chief Executive Charles Li said he did not expect a sharp rise in turnover shortly after the launch. "It's like building a bridge. After the bridge is built, flows of people will arrive in succession in the coming 20 years or so."

He described the Shenzhen-Hong Kong Stock Connect as "the second leg" for the stock markets in the Chinese mainland and Hong Kong, "Now we can walk, and then we can run."

Related reading

New link attracts big investors by Wu Yiyao, China Daily

The Shenzhen-Hong Kong Stock Connect, which launches today, will benefit mid- and large-cap growth stocks in the long term, particularly those from consumption-driven sectors, said analysts.

The SZ-HK stock connect will cover 881 Shenzhen stocks and 102 Hong Kong stocks. Starting today, 76 percent of the A-share market cap and 87 percent of Hong Kong market cap will be mutually accessible.

The connect will see more northbound interest in mid- and large-cap growth stocks, according to Gao Ting, analyst with UBS Securities.

"The existing programs that allow overseas investors to invest in mainland markets, QFII/RQFII and the northbound Shanghai-Hong Kong Connect, show that outside investors have a clear preference for lower valuation mid- and large-caps in financials and traditional consumer sectors, such as foods and beverages, home appliances and autos," said Gao in a latest research note.

Analysts said that overseas investors, many of whom are institutional investors, are focusing more on stable and steady yields instead of a short-term, speculative approach when trading A-shares, so they favor consumption-driven companies, particularly those playing a leading role in their respective field.

The Shenzhen market has a high concentration of technology stocks, 20 percent of its total market capital, offering a wide range of choices to investors with a strong interest in this fast-growing sector in China, said a research note from Haitong Securities.

Food and beverage players, such as Chinese white liquor (baijiu) makers, dairy goods makers, and snacks makers are also among investors' favorite options.

Over the past 10 days since the launch of the SZ-HK stock connect was announced, share prices of leading companies in the food and beverage sector have risen over 5 percent. For instance, Wuliangye Yibin Company Limited gained more than 5.8 percent, from some 34 yuan ($4.94) per share to more than 36 yuan per share.

Analysts said companies in sectors which are rarely seen in Hong Kong are also likely to win overseas investors' favor because they are supplementary to existing choices in Hong Kong's market.

These sectors include machinery, defense-related high-tech, pharmaceuticals, and policy-driven trade and infrastructure players, including those that have benefited from the Belt and Road Initiative and countrywide urbanization.

Liu Xiaoning, analyst with Shenwan Hongyuan Securities, said that Shenzhen-listed companies that have significant market share and have disclosed winning bids for infrastructure projects are likely to realize stable and steady income and profits in the long run.

Overseas investors, however, may not decide to participate in the market immediately with large investments as they did when the Shanghai-Hong Kong Stock Connect was launched, because the overall situation of the A-share market is significantly different now, said analysts.

"When the Shanghai-Hong Kong Stock Connect was launched, the A-share market was so heated that few investors foresaw the risks of downward pressure. Investors, domestic and overseas, were quite bullish about the market and somehow less rational than they should have been. Regulations, market conditions, and compliance were not kept to as high standards as they are now. In short, the A-share market is now with more rational and value investors. There won't be investors flocking toward the SZ-HK connect. More will patiently study, research, and make decisions," said a research note from Ping An Securities.

 

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

    只有这里有精品| 天天久久综合网| ijzzijzzij亚洲大全| 国产精品欧美激情在线观看| 国产九九九视频| 妞干网在线免费视频| 99久久久精品视频| 久久精品国产露脸对白| 97在线播放视频| 日韩久久久久久久久久久久| 奇米视频888| 国产a级一级片| 国产91视频一区| 亚洲精品乱码久久久久久动漫| 日本男人操女人| 999在线观看视频| 欧美大片免费播放| 亚洲天堂伊人网| 天天爽天天爽夜夜爽| 激情五月宗合网| 精品无码av无码免费专区| 99精品视频国产| av网站在线不卡| 蜜臀久久99精品久久久酒店新书| 日韩精品一区在线视频| 亚洲色图都市激情| 亚洲天堂av免费在线观看| 无尽裸体动漫2d在线观看| 妞干网在线免费视频| 国产二区视频在线播放| 人妻无码久久一区二区三区免费| 日韩a级黄色片| 久久99国产精品一区| 一级一片免费播放| 亚洲成人手机在线观看| 在线观看免费av网址| 污色网站在线观看| 手机在线成人免费视频| 亚洲最大综合网| 男女无套免费视频网站动漫| 国产精品少妇在线视频| 欧在线一二三四区| 日韩一级片播放| 国产精品无码av无码| 久久九九国产视频| 青青草av网站| 向日葵污视频在线观看| 九一精品久久久| 五月天丁香花婷婷| 一级黄色免费在线观看| 黄色一级视频播放| 久久av高潮av| 精品国产一区三区| 97xxxxx| 成人性生生活性生交12| 视色视频在线观看| 亚洲天堂av一区二区| www.偷拍.com| 美女av免费观看| 欧美黑人经典片免费观看| 少妇性饥渴无码a区免费| 91av俱乐部| 久久成年人网站| 成人一区二区av| 久久国产亚洲精品无码| 免费看a级黄色片| 玖玖爱视频在线| 男人草女人视频| av免费观看网| 中文字幕av不卡在线| 国产精品av免费| 日韩精品一区在线视频| 老司机午夜av| 欧美一级特黄aaa| 日韩久久久久久久久久久久| 国产亚洲精品网站| 亚洲精品手机在线观看| 日韩在线视频在线| 大肉大捧一进一出好爽动态图| 五月婷婷之婷婷| 成人一级生活片| 亚洲视频在线观看一区二区三区| 午夜久久福利视频| 成人免费a级片| 成人性视频欧美一区二区三区| 中文字幕12页| 九色自拍视频在线观看| 艹b视频在线观看| 成年人视频网站免费| 国产免费视频传媒| 麻豆映画在线观看| 日韩视频在线免费看| 日韩最新中文字幕| 日韩精品无码一区二区三区免费| 在线观看视频在线观看| 国产日产欧美视频| 国产高清av片| 国内外成人免费激情视频| 国产乱码一区二区三区四区| 日韩欧美一区二| 欧美性受xxxx黒人xyx性爽| 5月婷婷6月丁香| 一本—道久久a久久精品蜜桃| 免费无码国产v片在线观看| 熟女视频一区二区三区| 成人精品小视频| 国产精品第157页| 亚洲性图一区二区| 精品久久一二三| 激情视频小说图片| 污色网站在线观看| 欧美日韩精品在线一区二区 | 欧美午夜性生活| 日本香蕉视频在线观看| 亚洲涩涩在线观看| 国产第一页视频| 岛国大片在线播放| 偷拍盗摄高潮叫床对白清晰| 老熟妇仑乱视频一区二区| 日韩久久久久久久久久久久| 午夜激情影院在线观看| 黄色一级一级片| 日韩小视频在线播放| 51xx午夜影福利| 超碰中文字幕在线观看| 国产又黄又猛又粗又爽的视频| 国产97在线 | 亚洲| 国产专区在线视频| 天天干天天操天天干天天操| 中文字幕在线综合| 日本xxxxxxx免费视频| 日本少妇高潮喷水视频| 亚洲精品无码国产| 男女激烈动态图| 99视频在线观看视频| 国产精品一区二区小说| 国产三级三级三级看三级| 免费无码av片在线观看| 欧美黑人经典片免费观看| 男人天堂av片| 欧美亚洲色图视频| 日韩在线视频在线| 白白操在线视频| 黄色污污在线观看| 久久国产精品免费观看| 五月天六月丁香| 欧美精品色视频| 手机在线观看日韩av| 91网址在线观看精品| 亚洲色图欧美自拍| 在线免费黄色小视频| 人人妻人人澡人人爽精品欧美一区| 午夜国产福利在线观看| 欧美成人乱码一二三四区免费| 亚洲一级免费观看| 亚洲成人天堂网| 不卡的在线视频| 午夜av中文字幕| ijzzijzzij亚洲大全| 国产91porn| 久久精品无码中文字幕| www.日本在线视频| 好吊妞无缓冲视频观看| 美女福利视频在线| 手机在线看福利| 超碰成人在线播放| 最新中文字幕久久| 久久久久久久久久伊人| 无码专区aaaaaa免费视频| 中国丰满人妻videoshd| 一本久道中文无码字幕av| 天天操天天爱天天爽| 777一区二区| 国产制服91一区二区三区制服| 欧洲精品在线播放| 成人久久久久久久久| 91小视频网站| 在线观看18视频网站| 99er在线视频| 免费在线观看日韩视频| 永久免费的av网站| 欧洲精品视频在线| 青春草国产视频| 欧美成人精品欧美一级乱| 欧美成人三级在线播放| 一级黄色免费在线观看| 国产a级片网站| 超碰在线97免费| 免费成人进口网站| 国产淫片免费看| 日韩av片专区| 成人免费毛片在线观看| 成人3d动漫一区二区三区| 亚洲av无日韩毛片久久| 欧美日韩福利在线| 国产wwwxx| 日本久久久网站| 最新中文字幕2018| 国产91在线亚洲| 北条麻妃视频在线|