Hong Kong-China equities trading link opens for business
A trading link between Hong Kong and Shenzhen has been hailed a "milestone" and is set to bolster Hong Kong's position as a "super-connector" to China. Despite muted trading during its first day, with only 21% of its northbound quota used, analysts believe the link will pay off in the long-term. Software vendor Kingdee and wind turbine manufacturer Xinjiang Goldwind Science and Technology were among the stocks which were "potential plays", according to DBS Vickers Securities' director Alexander Lee.
Hong Kong Exchanges & Clearing (HKEX) chairman Chow Chung-kong and Hong Kong Chief Executive Leung Chun-ying officiate at the launch of the Shenzhen-Hong Kong Stock Connect, at Exchange Square in Central. Photo: K. Y. Cheng