bullish
Technically Speaking: The Early Bird Gets the Worm, China Retail Buys Hong Kong
385 Views08 Apr 2024 16:26
Mainland buying through the Southbound Stock Connect programs is accelerating. Retail demand will now begin to narrow the A/H premium which has reached major resistance.
Boomeranged on Tue, 7 May 2024 09:29
The Southbound Stock Connect platform had the highest net inflows in March and April in more than 3 years. In April mainland investors bought a net HK $80B of Hong Kong stocks and constituted more than 17% of Hong Kong's overall turnover. This mainland buying helped to narrow the AH premium by 5.5%. Regulators in China announced the expansion of the Southbound Connect program in April.
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David Mudd
Asian Hedge Fund Manager, Long Short Equity, Macro
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