Investors hesitate before stock link

Two months away from the scheduled Hong Kong-Shanghai Stock Connect, overseas investors are still thinking through their A-share strategy. While some cannot wait to board the "through train", others are holding back, Emma Dai reports from Hong Kong.

"We will take a step-back approach first. A lot of overseas investors, especially foreign clients, would like to watch the stock connect run for a while before putting real money in," said Kelvin Wong, senior equity analyst of Bank Julius Baer, a Swiss private bank.

"We need a clearer picture of how it works," he said. "Details of the through train, such as trade rules and arrangements for dividend tax and capital gains tax, are yet to be decided. It may take longer than planned to launch."