Global investors had the chance to do something completely new last week – put up to $10.5bn into the Shanghai stock market without a special licence.
But when opportunity knocked, many decided not to answer. After five days of trading through Stock Connect – a new scheme linking the Hong Kong and Shanghai markets for the first time – just $4.3bn had been sent into China.
In the other direction, Chinese investors showed almost no enthusiasm for buying Hong Kong-listed shares. On Friday, mainland buyers used less than 2 per cent of their daily Rmb10.5bn ($1.7bn) quota.
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