Foreign holdings in China A-shares soar 30 times under Stock Connect

The Stock Connect between mainland China and Hong Kong has given global investors various options to allocate more into Chinese equities since it started operating seven years ago last month. As of November 11, daily average trading volume (northbound) under the Stock Connect Scheme reached Rmb122 billion, a 35% jump from the same time last year. The figure for southbound transactions stood at HK$44 billion, representing an 87% increase year-on-year. Since the launch of the conn…