Asset owners wait on Stock Connect sidelines
Institutional investors appear to be largely holding off from using the Shanghai-Hong Kong trading link, as expected, but will have drawn comfort from yesterday’s launch, said Z-Ben Advisors.
Everything went as expected at the launch of the Shanghai-Hong Kong Stock Connect yesterday, said consulting firm Z-Ben Advisors: northbound volumes far outweighed southbound ones; the one-day trading cap was hit; and most of the flows were from the likes of retail investors and asset managers trading for their own books.
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