How Long Will Spring And Shanghai Come?

As of the 26 closing date of this month, the Shanghai and Hong Kong two cities have more than 1% growth, while the volume of trading between Shanghai and Hong Kong is still not getting warmer. According to the exchange data, after closing, the Hong Kong stock balance remained 10 billion 287 million yuan, that is, only 213 million yuan was traded, accounting for 2% of the total amount. The Shanghai Stock Exchange's trading situation is still better than the Hong Kong stock exchange. The data show that the Shanghai stock exchange balance after closing is 9 billion 705 million yuan, and the transaction volume is 3 billion 295 million yuan, accounting for 25% of the total amount.

In the previous trading day, the Shanghai stock balance was 10 billion 147 million yuan, which consumed 2 billion 853 million yuan, accounting for 22%. The total balance of HK shares is 10 billion 345 million yuan, and the percentage of the balance accounts for 98.5%, that is, the amount of use is 155 million yuan. This shows that Shanghai and Hong Kong through the transaction situation has not been significantly warmer, "North hot South cold" situation is also continuing.

What causes the transaction between Shanghai and Hong Kong to be delayed?

Huatai Securities analysts believe that the current cold is actually a matter of expectation. "Seeing death" has always been more common in the capital market, and the focus of the short-term speculation is to focus on short-term profits, which will make the new capital mentality cautious. In addition, some institutions and individuals who invest in Hong Kong stock demand have already released investment demand through other channels, and the organizations and individuals who are not involved are holding a wait-and-see attitude at present.

Some people believe that, as the mainland Public offering fund The guidelines on the insurance fund's participation in the Hong Kong Stock Exchange have not yet been issued, so it is impossible to enter the Hongkong market in large scale. In addition, the threshold of 500 thousand yuan makes many retail investors out of Hong Kong stocks.

In this regard, foreign researchers have different interpretations, and Mark Austen, the president of the Asia Securities and Financial Market Association, will take the lead. Shanghai-Hongkong Stock Connect The cold is blamed on China's prohibition of foreign funds holding shares directly in Shanghai stock market.

No matter what the reason, Shanghai and Hong Kong's trading situation can not go on like this, then when will Shanghai and Hong Kong's spring come?

　　 HKEx Li Xiaojia, President of the Hong Kong and Shanghai Stock Exchange, said that the market did not have to worry too much about the temporary downturn in the use of Hong Kong and Shanghai through the opening of the Shanghai and Hong Kong stock market. He expressed confidence in the long-term performance of Shanghai and Hong Kong, and even expected that mainland investors' demand for Hong Kong stocks will grow substantially in the next five to ten years from now.

Analysts also say that many mainland investors and institutions that are willing to try are not fully prepared. When investors know more about the two markets, they will become more active as the number of participants increases.