"North Water" South Hong Kong Stocks Open Up Space

It is gratifying to note that last Friday, the mainland regulatory authorities issued relevant guidelines, clearly put forward a series of specific requirements for the fund to participate in the paction between Shanghai and Hong Kong, and the mainland public fund will directly invest in Hong Kong stocks from now on.

Specifically, the new mainland fund can directly raise funds to invest in Hong Kong stocks through Shanghai and Hong Kong through channels without having to qualify for QDII. The existing fund can also adjust the corresponding procedures to participate in the Hong Kong stock exchange according to the contractual agreement of the fund.

What can be seen is that the current A shares have reached a trillion yuan in the two cities, and the turnover of Hong Kong stocks is only up to 100 billion Hong Kong dollars. The approval of this new deal is expected to bring enough incremental funds to the Hong Kong stock market in the short term.

In the long run, with the deepening of the interconnection between the two markets, Hong Kong stocks are also expected to have an opportunity to upgrade their valuations.

The Hong Kong stock market has shown signs of heavy profit this Monday. The Hang Seng jumped 241 points early in the morning and broke away from the recent 7 days of trading. The turnover in the big market also increased to HK $140 billion 800 million, and finally closed at 24855.12 points, up 368.92 points, or 1.51%.

The state-owned enterprises index closed at 12306.56 points, up 408.47 points, or 3.43%.

From the perspective of Hong Kong stock market on Monday, blue chip stocks showed a general inflation pattern, and real estate, industry and commerce, finance and other sub index increased by more than 1%.

From the market performance of the "Hong Kong stock pass" target, it shows a general inflation pattern. In 284 stocks, 228 stocks rose, while only 45 stocks fell.

In the strong stock market, Shanghai and Hong Kong through the new deal triggered the blowout of H-shares. Among them, the H-share with the concept of A+H occupies the top rank. In terms of industry, capital is more favored by railway infrastructure and aviation shares. China Railway, China railway construction, and China's pportation construction H-share rose by more than 14%, while eastern airlines and China Southern Airlines H-shares also rose by about 15%.

H-share's blowout led to Hang Seng AH share premium index Monday callback, but due to

In the afternoon, the callback rate was limited, only 0.54%, and reported 134.71 points.

Looking back at last week's performance of Hong Kong stocks, the Hang Seng index was narrowly narrowed near the 24500 point, showing a slightly lighter trend, while the index of volatility index (VHSI) fell from about 14.7 in mid 3 to 11.6 on Wednesday, the lowest this year.

There are only four trading days in Hong Kong stock this week. There will be Easter and Tomb Sweeping Day holidays on Friday.

Linked to the warrant market, due to holiday factors, market participants need to pay special attention to the time consumption of warrants.

Generally speaking, the price of warrants is composed of two parts, the intrinsic value and the time value. The time value will decrease at any time. Therefore, the price of warrants will be difficult to avoid due to the loss of time value during the fake period of Hong Kong stock holders.

Generally speaking, the short-term value of the short-term warrants under three months' time will be faster, while the loss of three months or more will be relatively slow.

As for the ox bear certificate, although there is no time loss in the bear and bear certificates, if there is a severe concussion during the closing period of the Hong Kong stock market, taking into account the compulsory withdrawal mechanism of the bear bear certificate, the risk of this market also needs special attention from the market participants.

peripheral

On the other hand, the US stock market fell sharply last week, with the superposition of the negative factors, and the three major indices were over 2% last week.

This week, the market will usher in a significant March non farm payroll data. The US stock market eased on Friday. If the economic data are positive, this week, the US stock market will have a chance to rebound.

On the mainland stock market, the A share market has been trading high recently, reflecting the enthusiasm of investment in the market, and the good policy of the "one belt and one road" policy is still continuing to ferment. A shares still have no significant bad profits. The short term or opportunity to continue the upward trend is a good support for Hong Kong stocks.

On the whole, Monday

A breakthrough in the upstream market reflects the expectation of the mainland's fundraising fund going south. If the Hang Seng index is able to stand on 25000 points in the short term, there will be an opportunity to open up the upmarket space. But if the upstream is blocked, considering the arrival of long holidays, the Hang Seng index or the extended range will linger around 24500 to 25200.