Shanghai-HK stock link to lure intl investors to China market   

滬港通首秀“一波三折” 專家:資本市場邁進一大步

國務(wù)院發(fā)展研究中心副研究員朱明方做客中新網(wǎng)證券頻道視頻訪談時表示，通過滬港通，國際投資機構(gòu)，在配置全球資產(chǎn)中間可能就會要考慮到中國市場。而且滬港通目前還是一個試點，未來相信深港通到來指日可待。 [查看全文]

(ECNS) – The landmark Shanghai-Hong Kong Stock Connect program is a significant step in the globalization of the Chinese mainland's capital market, a leading researcher has said.

The program, launched on Monday, opens a door for Hong Kong and overseas investors to buy shares in Shanghai-listed companies, while mainland buyers can access Hong Kong stocks.

Zhu Mingfang, associate researcher at the Development Research Center of the State Council, said the program will push more international investment institutions to consider putting money into the mainland's capital market.

He said the connection can help change the mismatch between China's GDP and its Class-A shares in global allocation.

The market value of China's A-shares accounted for 10.5 percent of the world's stocks, but made up zero of MSCI's China Index and Emerging Market Index. Zhu said that's because China's share market is relatively closed, while the country's share in global GDP reached 12.3 percent.

If the program goes well, a Shenzhen-Hong Kong Stock Connect is expected to come out in the near future, Zhu added.

Chinese shares closed lower on Monday after the official launch of the program. On Tuesday, China stocks continued to drop. Insiders said the decline was expected.