The weakening renminbi has boosted demand for foreign assets, leading Chinese fund firms – already short of QDII quota – to suspend subscriptions or switch to using Stock Connect.
Tag : hk shanghai stock connect
The number of international fund managers using the Shanghai-Hong Kong trading link has risen significantly in the past year, despite the turmoil in Chinese equity markets.
The pending HK-Shanghai Stock Connect Programme and fresh RQFII quotas see Hong Kong sentiment turn bullish, finds an HKIFA survey. Expectations also improved for Japan and emerging markets.
CSOP Asset Management's head trader expects the planned Shanghai-Hong Kong trading link to attract greater volumes to the Shanghai Stock Exchange and reduce issues over liquidity.