Cross Border Investment Promotes A Shares To Form Value Investment Climate

The launch of Shanghai and Hong Kong Tong has entered the countdown. Although the regulatory authorities have not yet announced the specific timetable, with the release of the main rules of Shanghai and Hong Kong through the pilot scheme of Shanghai and Hong Kong through the market, the market is generally expected that Shanghai and Hong Kong will be able to launch the fastest through this month.

At present, Shanghai and Hong Kong through the rule system has been basically ready, many investors have been eager to try.

So what kind of investors can take part in the business of Shanghai and Hong Kong? What are the investment opportunities to participate in Shanghai and Hong Kong? What kind of impact will the Shanghai and Hong Kong Tong launch on the A share market? In view of the above concerns of investors, the Beijing Youth Daily launched "prepare for the Shanghai and Hong Kong links" for readers' reference.

"The end of the overestimation of pseudo growth stocks, junk stocks, theme stocks and small stocks has arrived, and can not be reversed like reform and opening up".

Li Daxiao, chief economist of the British Securities Institute, said that the arrival of Shanghai and Hong Kong connections meant that the spring of the blue chips has arrived, and that the winter of junk stocks and theme stocks is coming.

The industry is expected that if there is no accident, Shanghai and Hong Kong will be launched on a Monday in October.

With the countdown of Shanghai and Hong Kong's entry, the impact of Shanghai and Hong Kong on the two markets will become more and more heated.

The industry generally believes that the arrival of Shanghai and Hong Kong through the addition of investors can invest in the target, the A share market will also change the concept of investment; in addition, as a major reform of the system, Shanghai and Hong Kong will or will trigger a new round of reform of the A share market.

According to the regulations, Shanghai and Hong Kong are through

The total amount of RMB cross-border investment quota shall be managed, and the daily quota shall be set up for real-time monitoring.

Among them, the total amount of Shanghai Stock pass is 300 billion yuan, the daily amount is 13 billion yuan, the total amount of Hong Kong stock is 250 billion yuan, and the daily amount is 10 billion 500 million yuan RMB.

Most

It is speculated that there may be further expansion of the volume of Hong Kong and Shanghai through further expansion. HSBC also issued a report that the Shanghai and Hong Kong links are only pilot projects, but the policy is further extending or exceeding the market expectations. The sale volume is limited to the opportunity to cancel within 36 months, and the exchange of bonds, commodities and foreign exchange will also come one after another.

Obviously,

It will bring a larger amount of incremental funding to the two markets.

In addition to active market pactions, what is more important for A share market people is the background of international institutions behind these inflows.

The analysis shows that the structural differences between A and H-share investors lead to the divergence of valuation between the two places. The A share market investors are mainly retail market, while the Hongkong market is a relatively high proportion of institutional investors.

As investors in mature markets, they have a more reasonable investment concept and prefer high-quality blue chips. This will help to change the hype of A shares and help rebuild the healthy investment concept of A share market.

Shanghai securities Wang Fen pointed out that investors in Hongkong market pay more attention to dividend rate investment, and the average dividend yield of the main board always exceeds A shares. In recent years, with the repeated concern of the mainland management, the dividend payout situation of the A share market is gradually improving. After the Shanghai and Hong Kong Exchanges start, the Shanghai stock can invest in the target. The dividend yield can exceed the average value of Hong Kong stocks, which should be welcomed by Hong Kong stock investors. This will also boost the enthusiasm of dividends in the mainland stock market.