New link attracts big investors
By Wu Yiyao in Shanghai | China Daily | Updated: 2016-12-05 07:36
The Shenzhen-Hong Kong Stock Connect, which launches today, will benefit mid- and large-cap growth stocks in the long term, particularly those from consumption-driven sectors, said analysts.
The SZ-HK stock connect will cover 881 Shenzhen stocks and 102 Hong Kong stocks. Starting today, 76 percent of the A-share market cap and 87 percent of Hong Kong market cap will be mutually accessible.
The connect will see more northbound interest in mid- and large-cap growth stocks, according to Gao Ting, analyst with UBS Securities.
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