m*********h
发帖数: 5449 | 1 大家还在讨论基金是否是好事的时候，policy maker们在扩大金融改革的影响范围。我
们局外散户，看空股市和看空基金，这两者有很大区别么？大趋势是什么？新生事物该
不该认真接受？信息革命之后的下一个暴富的行业是不是金融革命？下一个十年，比高
盛更大的投行会不会出现在中国？
谁是这场革命的受益人？谁来为这些暴富的金融人士买单？好多问题要想明白呀。
Shanghai-HK stock connect: What you should know
Samantha Loring
Monday, 18 Aug 2014 | 10:53 PM ET
http://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2010/04/07/47828721-hong-kong-stock-exchange-getty.530x298.jpg?v=1361991914
Come October, overseas investors eyeing China stocks will have greater
access to its equity market, when a new trading link between Shanghai and
Hong Kong is launched connecting the two bourses worth $5.5 trillion in
combined market capitalization.
Here are five things you need to know:
1) What is it: The scheme, known as the Shanghai-Hong Kong stock connect,
was announced by Chinese premier Li Keqiang in April. It will allow global
investors, institutional and retail, to trade Shanghai 'A' shares via the
Hong Kong stock exchange while Chinese mainland investors will be able to
trade Hong Kong 'H' shares via the Shanghai Stock Exchange for the first
time. At present, only institutional investors abroad with secured quota
from the government can invest directly in China's domestic markets.
2) Who is involved: Brokerages have given a strong response to the new
trading scheme but the full list of eligible brokers will only be announced
after the market readiness tests, starting this week, are concluded.
3) Market reaction: The plans have helped fuel huge rallies in stock
exchanges of both cities in recent months. The Shanghai Composite Index has
risen more than 8 percent since the start of July and is up more than 12
percent since the lows hit in March this year. Hong Kong's benchmark Hang
Seng hit three-year highs in July and is up 5.6 percent year to date.
4) Broker concerns: While a link between the two major markets is a landmark
development, there are still concerns in terms of actual execution as both
exchanges ultimately operate in different regulatory environments. For
example, mainland investors are subject to tax on capital gains, which is
not applicable in Hong Kong. Also, Chinese investors must have the stocks in
their accounts on the day they plan to sell, while Hong Kong investors need
only transfer stocks to brokers two days after the trade. Different trading
hours in the two exchanges might hamper the scheme's efficiency, too.
5) Biggest challenge: Quota restrictions could potentially be the biggest
challenge to the success of the scheme. Beijing has placed a 13 billion yuan
daily cap on the amount Hong Kong investors can trade in A-shares, with a
300 billion yuan total in cap; while mainland investors can invest up to 10.
5 billion yuan a day or 250 billion yuan total in Hong Kong stocks. The Hong
Kong Exchanges and Clearing Chief Charles Li, recently tempered optimism
over turnover increasing dramatically on either bourse: "We should not have
high expectations unless Beijing increases the quota." | f*******e
发帖数: 5277 | | m*********h
发帖数: 5449 | 3 果断的，中国股市和美国股市争抢国际资金。
【在 f*******e 的大作中提到】
: A股会有机构买家了？
| s***d
发帖数: 15421 | 4 呵呵 我的Tencent是要爆啊 呵呵
★ 发自iPhone App: ChineseWeb 7.8
★ 发自iPhone App: ChineseWeb 7.8
【在 m*********h 的大作中提到】
: 果断的，中国股市和美国股市争抢国际资金。
| B****S
发帖数: 597 | 5 这意味着美股要弱？
【在 m*********h 的大作中提到】
: 大家还在讨论基金是否是好事的时候，policy maker们在扩大金融改革的影响范围。我
: 们局外散户，看空股市和看空基金，这两者有很大区别么？大趋势是什么？新生事物该
: 不该认真接受？信息革命之后的下一个暴富的行业是不是金融革命？下一个十年，比高
: 盛更大的投行会不会出现在中国？
: 谁是这场革命的受益人？谁来为这些暴富的金融人士买单？好多问题要想明白呀。
: Shanghai-HK stock connect: What you should know
: Samantha Loring
: Monday, 18 Aug 2014 | 10:53 PM ET
: http://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2010/04/07/47828721-hong-kong-stock-exchange-getty.530x298.jpg?v=1361991914
: Come October, overseas investors eyeing China stocks will have greater
| f*******e
发帖数: 5277 | 6 那不至于，A股盘子还没大到能那么影响美股的程度
【在 B****S 的大作中提到】
: 这意味着美股要弱？
|
|
