Tuesday, August 16, 2016

China rally due to Shenzhen-Hongkong stock connect?

wanna bet A shares still soar faster than H?

China’s rally was partly fueled by a surge in brokerage stocks, in turn propelled by renewed hopes for the launch of Shenzhen-Hong Kong Stock Connect within 2016.
Hong Kong Economic Journal reported Monday that the trading link could be announced as soon as this week and that it would be officially launched in December. The China Securities Regulatory Commission said last Friday that it had formed a special work team with its Hong Kong counterparts to prepare to launch the link.