Blink and you may have missed it. The rally in mainland Chinese equities has gone so far, so fast, that many investors risk being left behind.
Just a few weeks ago, when Chinese shares in Hong Kong were already flying, mainland stocks were stubbornly grinding lower. Analysts speculated that one of the two markets would have to crack. In the end it was Shanghai that turned.
Since falling to a three-year low in the first week of December, the Shanghai Composite has risen 18.4 per cent to a seven-month high, while trading volumes have soared to their highest levels since early 2011.
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