Mainland-listed A-shares are on average 35% more expensive than their Hong Kong-listed peers. FMTNews
SHANGHAI: Investors in China’s soaring stock market are increasingly turning to Hong Kong for bargains, egging on an investment boom on the back of large tech listings and shaking off fears of political risks in the bruised financial hub.
“Elephants are dancing , but in Hong Kong, many stocks are lying on the floor,” Shen Weizheng, senior advisor at brokerage Direct Access, said during an online pitch to mainland investors on Wednesday.Mainland-listed A-shares are on average 35% more expensive than their Hong Kong-listed peers, also called “H-shares”, widening from 23% just a month ago. Share prices of the same company often differ vastly in the two markets.
“Capital is flowing into the city. The more intense the rivalry between the US and China, the more unique Hong Kong will be as a centre to welcome back leading Chinese companies listed in the US,” said Hao Hong, managing director at BOCOM International.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China opens new Hong Kong security agency headquarters | New Straits TimesNSTworld China on Wednesday opened a new office for its security agents to operate openly in HongKong for the first time under a tough new law, transforming a hotel into the force's headquarters. SecurityLaw
Read more »
China opens secret police HQ in Hong Kong | New Straits TimesHONG KONG: China opened a new office on Wednesday for its intelligence agents to operate openly in Hong Kong for the first time under a tough new security law, in a public display of its tightening control over the finance hub.
Read more »
Foreign firms giving up Hong Kong office space, China firms moving inThe rate of surrender jumped 55% in the second quarter from the first. FMTNews HongKong China
Read more »
China converts Hong Kong hotel into new national security officeBooks have been removed from public libraries while slogans and anthems are now banned. FMTNews NationalSecurityLaw China HongKong
Read more »
Trump aides consider targeting Hong Kong dollarHowever, analysts say such a measure was unlikely owing to the upheaval it would cause to global markets. FMTNews
Read more »
Trump aides consider targeting Hong Kong dollar: Report | New Straits TimesHONG KONG: White House aides are considering undermining the Hong Kong dollar’s peg to the greenback as part of efforts to punish China over its new security law in the city, a report said Wednesday.
Read more »