The securities regulator announced the decision last night amid mounting criticism and plunging share prices, admitting that the mechanism had failed in its objective.
Southbound trading hits its quota limit for the first time, pushing the Hang Seng Index up to a level not seen since the financial crisis. But fears are voiced over imported volatility.
Asia CIO Paul Chan acknowledges China's structural slowdown, but points to gaming figures in Macau and other segments as proof that consumer sentiment is alive and kicking.
Despite this week's run on the stock market as China's central bank moved to limit lending, fund managers are confident a crisis can be averted.
Review/outlook series: Invesco is looking to avoid export-related exposure in the months ahead, says Paul Chan, Asia ex-Japan chief investment officer.
Investment Outlook Series: Paul Chan, CIO for Asia ex-Japan at Invesco Hong Kong, believes China will be first to recover from the global financial crisis.
Investment Outlook Series: Paul Chan, CIO for Asia ex-Japan at Invesco Hong Kong, says consensus estimates have underestimated the slowdown in earnings growth next year.
Investment Outlook Series: Paul Chan, InvescoÆs CIO for Asia ex-Japan, says ChinaÆs economic and corporate earnings growth make the market an ideal long-term bet despite current near-term issues.