日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

All systems go for Shenzhen-HK 'through train'

Updated: 2015-05-09 08:37

By Bloomberg(China Daily)

  Print Mail Large Medium  Small

The State Council has signed off on the Shenzhen-Hong Kong Stock Connect program, said a person familiar with the matter, as global money managers prepare for the next phase in opening up the $7.3-trillion mainland market.

The program - expected to mimic the Shanghai-Hong Kong Stock Connect that began in November - will start this year, the person said, asking not to be named as the discussions are confidential.

The link will provide more choice for investors who have an increasing appetite to trade in the world's second-largest stock market, said Emma Quinn, Hong Kong-based co-head of global equity trading at AllianceBernstein Holding LP, which has $474 billion in assets.

"It's another avenue to access and this has to be a good thing," Quinn said on Wednesday. "Any way to open that up would be great. We have a lot of products wanting to trade on the mainland."

Global investors have put 135 billion yuan ($21.7 billion) into mainland equities through Hong Kong, amid a 68-percent surge in the Shanghai Composite Index since the first program began.

A similar link with Shenzhen would offer more access to mainland technology, consumer and health-care stocks, which make up almost half the city's benchmark index, while State-backed banks and industrial monoliths dominate the market in Shanghai.

Hong Kong Exchanges and Clearing Ltd (HKEx) is preparing for the Shenzhen cross-trading link to start in the second half of this year, and the launch date may be announced late next month, Chairman Chow Chung-kong said last month.

All systems go for Shenzhen-HK 'through train'

"Shenzhen offers more diversification than Shanghai," Arthur Kwong, the Hong Kong-based head of Asia Pacific equities at BNP Paribas Investment Partners, which oversees $578 billion globally, said on April 29.

"The Shenzhen-Hong Kong stock link is a meaningful one for real fundamental investors, for the ones who really seek good quality names," he said.

The Shenzhen Composite Index gained 2.6 percent to close at 14,481.25 on Friday.

Details on clearing and custodian services will need to be confirmed before her firm can invest in Shenzhen, said Quinn.

Elements of mainland's market structure, including a requirement to pre-deliver securities to a broker before selling them, have stopped some money managers from using the Shanghai link.

HKEx last month tweaked its systems in an effort to resolve the issue, allowing investors to open accounts with custodians that meet pre-trade checking requirements without revealing investment plans to brokerages.

Foreign investors rely on custodian banks to help ensure compliance with regulations and process trades after they take place. AllianceBernstein uses custodians and sub-custodians based in a number of jurisdictions, each of which will have to comply with new rules applicable under the link with Shenzhen.

(China Daily 05/09/2015 page7)

主站蜘蛛池模板: 日韩精品视频在线 | 亚洲视频中文 | 成年人网站免费看 | 一级片在线免费 | 噜噜噜视频 | 99精品视频在线播放免费 | 超碰一区二区 | 欧美jizz | www日韩av | 亚洲成人免费av | 久久综合伊人 | 免费av网站在线 | 国产精品永久免费视频 | 日日日噜噜噜 | 王语嫣跪趴高撅翘臀含白浆 | 日韩久久久久 | 久久a视频 | 色女人网站 | 亚洲精品xxx | 国产一区二区三区在线免费观看 | 亚洲精品aaaa| 国产精品无套 | 麻豆网站在线观看 | 国产精品久久久久久无人区 | 色综合天天综合 | 天堂网在线观看 | 可以在线观看的av | 一区在线看 | 亚洲国产精品自拍 | 日韩av中文字幕在线播放 | 免费看片网站91 | 长河落日电视连续剧免费观看01 | 偷拍久久久 | 亚洲天堂网在线视频 | 亚洲成人自拍偷拍 | 欧美在线观看一区二区 | 国产成人三级 | 黑人巨大精品欧美一区二区免费 | 超碰一区二区三区 | 一区二区黄色 | 亚洲激情视频在线播放 |