Quota expansion gets slow start

Experts expected lukewarm trading as long-term attractiveness yet to take effect

The first trading day of the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect's trading quota expansion got a lukewarm market response as financial analysts argued that bilateral capital inflows will depend on the long-term attractiveness of equity markets.

On Wednesday, the utilized quota of northbound trading of the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect amounted to 22.9 billion yuan ($3.6 billion), representing only 44 percent of the enlarged quota.