Cao Zhongming: There Should Be Shenzhen Hong Kong Through Hong Kong And Shanghai.

Li Keqiang, premier of the State Council, said in his 5 visit to Shenzhen that there should be Shenzhen Hong Kong Tong through Hong Kong and Shanghai.

With a high-level statement, I believe that Shenzhen Hong Kong Tong will be able to pilot a pilot gate like Shanghai and Hong Kong in the near future.

Compared with Shanghai and Hong Kong, Shenzhen Hong Kong pass is late, but in fact, its significance is no less than that of Shanghai and Hong Kong.

At least, it has taken an important step in the interconnection between A shares and Hong Kong stocks.

Shanghai and Hong Kong through the pilot gate is the mainland and Hongkong market development needs and inevitability.

As for the A share market, due to the short time of birth, there are many defects in system construction, market supervision, strict punishment of irregularities and investor protection. As a mature market, Hongkong market has many aspects worth learning and learning from the mainland.

Shanghai and Hong Kong through the pilot, its significance is obviously not only can bring a certain amount of A shares incremental funds, but in the long run, it is in the two markets "integration".

Objectively, Shanghai and Hong Kong through the pilot gate, has become a raging bull market "fuse" one.

Before the official opening in November 17th last year, the storytelling market drew a big pie for investors.

Insiders say that Shanghai and Hong Kong will bring more than trillions of funds to A shares.

However, in fact, as of the closing of January 6th, the amount of Shanghai stock through 300 billion yuan has only gone to 83 billion 200 million yuan, which is far from the scale of trillions.

But because of the Shanghai and Hong Kong links, investors who were in the doldrums at that time were full of expectations for the stock market. The runway in the OTC fund created an unpredictable bull market.

Moreover, the follow-up development of this round of market is also worth looking forward to.

On the other hand, because of the Shanghai and Hong Kong links, the domestic investors' understanding of the Hong Kong stock market is undoubtedly a step further.

If Hong Kong stock market "fairy stock" everywhere, unlike A shares low junk stocks are full of "vitality"; and again, if the Hong Kong stock market is severely punished, investor protection is better than the mainland, but investment in Hong Kong stocks is also full of risks, such as T+0 trading and no rise or fall restrictions, so that investors can get huge profits, but also can make you lose money in a trading day.

In addition, Hong Kong stock refinancing threshold ratio

Low, and large shareholders play a lot. The Hongkong market is also full of "landmines".

The privatization of the Hongkong market is more frequent. Behind the privatization, investors' losses are often "doomed".

Nevertheless, the pilot of Shanghai and Hong Kong stock is still worth affirming. Shanghai and Hong Kong Tong not only become another bridge for A shares to go out, but also promote A shares to maturity. This is another hidden meaning.

Compared with Shanghai,

Because Hongkong has more advantage in location.

The opening of Shenzhen Hong Kong Tong not only provides more investment targets for Hongkong investors, but also makes it easier to introduce more capital into the Shenzhen market.

at present

The total amount of the pilot period is only 550 billion yuan. Mainland investors can invest in 266 Hong Kong stocks on the underlying stocks. Hongkong investors can invest more than 500 shares in Shanghai stock market. With the development of Shanghai and Hong Kong through the future, the quota will be released. More stock in Shanghai and Hong Kong will become a target stock, which will eventually help to realize the interconnection between Shanghai Stock Exchange and Hong Kong stock.

There is no doubt that the same story will be put on at the end of the Shenzhen Hong Kong pilot.

If the Shenzhen market and the Hongkong market have realized interconnection, it will mean the gradual integration of the domestic market and the Hongkong market. This will also enable the mainland market and Hongkong market to achieve full interoperability.

So, it will really open the A share market's "going out" tour.