Cautious start for trading on long-awaited Shanghai-HK Connect

摘要

China's first cross-border equity trading scheme got off to a slow start last week, but market participants say the lack of major technical problems so far should entice more international funds to the landmark link-up. Northbound investors buying A shares under shanchai-honc konc stock connect breached the Rmbl3bn (US$2.12bn) daily quota on Monday afternoon, the first day of trading for the scheme. However, for the remainder of the week, Hong Kong investors did not come close to the daily quota, which limits the value of A share purchases, net of share sales. One the first day there were no sell trades because the A-share market does not allow same-day sales.