CLSA issues warning over Stock Connect
Investors must be quick to sell H-shares and buy A-shares via the Shanghai-Hong Kong trading link to avoid losing the premium on HK-listed stocks, says the equity broker.
A race to sell Hong Kong-listed H-shares and buy China A-shares through the pending Stock Connect scheme when it launches could see the scheme swiftly hit its daily trading quota, said CLSA.
Long-only fund managers are concerned they will lose the premium they paid for exposure to China through H-shares when the scheme launches, said Andy Maynard, the equity broker's global head of trading and execution.
Once the Shanghai-Hong Kong trading link goes live, as is expected in Octob…
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