Hong Kong Stocks Used Yesterday Accounted For More Than The "Counterattack" Shanghai Stock Exchange.

Recently, Shanghai and Hong Kong have been opened for more than two months, and since the launch, the situation of hot north and South cold has changed in the near future.

As of yesterday's close, the Shanghai stock exchange used a quota of 1 billion 100 million yuan, accounting for 8.46% of the total amount of a single day, while the amount used by Hong Kong stock exchange was 890 million yuan, accounting for 8.48% of the total amount per day.

From the point of view of the trading of QDII, which is based on the Hong Kong stock ETF, Yi Fang Hang Seng H-share ETF has been "suddenly rising" since January 16th, and the volume of pactions has risen linearly. As of yesterday's closing, the total volume of the ETF has reached 26 million 320 thousand hands, with a turnover of 3 billion 46 million yuan, while the other Hong Kong share ETF, Hang Seng ETF, has increased considerably compared with the past.

Meanwhile, since the beginning of this year, the share of ETF has increased by nearly 6.6 times.

According to market participants, the reason why H-share ETF is very popular is the T+0 trading system, which is implemented on the 19 day, which is the current A share premium for H-shares.

Since the opening of Shanghai and Hong Kong last year, as of yesterday's closing, the Hang Seng AH share premium index, which aims to track the price difference between the mainland and Hongkong, has risen from 102.14 points to 128.69 points, or up to 26%. In January 16th, the index had surged to 134.59 points in the market, which means that the share premium of A shares to H-shares has been close to 30% as a whole.

"Shanghai and Hong Kong through the change of capital movements and changes in the AH share premium, and now A shares are larger than H-share, and many AH shares are already very high, and funds are willing to go to H-share.

Currently looking for arbitrage opportunities

Quite a lot. "

Yang Delong, chief strategist of the southern fund, said yesterday in an interview with reporters.

Theoretically,

There should be no premium or discount, but in fact, because of the different structure of investors and the reasons for the rise and fall of each stage, there will be a premium or discount.

If the premium rate of AH shares is too high, there will be capital arbitrage, but sometimes there will be a reverse effect. For example, A shares have been rising and H shares have been declining for a long time.

20 Li Xiaojia, President of the Hong Kong stock exchange, wrote that two months after the successful launch and smooth operation of Shanghai and Hong Kong, volume began to grow steadily and the volume of trading between North and South began to show a more balanced development trend.

At the same time, the HKEx is also stepping up efforts to optimize and improve the Shanghai Hong Kong through mechanism.

"We firmly believe that the volume of volume trading between Shanghai and Hong Kong will usher in a more rapid growth in the future."

Li Xiaojia said.