Long-only firms in HK shun Stock Connect
Only one in three is using the link with Shanghai two months after launch due to technical and legal issues, but optimism remains that these will be resolved and trading will pick up.
Only one in three Hong Kong fund managers is using the Stock Connect trading scheme with Shanghai two months after launch on account of technical and legal issues, new research shows.
A Hong Kong Investment Funds Association (HKIFA) survey of 41 fund houses with $20 trillion in AUM overall found that only 13 (32%) had invested into A-shares via the trading link so far.
Usage is primarily limited to Hong Kong domiciled funds, unauthorised funds, proprietary trading and other inst…
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