Arbitrage Opportunities After Docking Hongkong Funds

　 A+H shares Price of stock Upside down needs attention.

The approval of Shanghai and Hong Kong Tong will bring opportunities to the A share market with higher share price of AH shares. At present, the overall valuation of blue chip market is relatively low. After docking with Hongkong capital, it will help to promote the "internationalization" of the blue chips' valuation.

According to the Shanghai daily information statistics, as of the end of April 9th, a total of 23 AH shares appeared upside down, of which the top companies were conch cement and Anshan Iron and Steel shares, with a range of 34%, 30% and 25%. In addition, China Ping An, China Pacific Insurance, China Shenhua and other discount rates are also very high.

　　 Good China Hong Kong stock market

Zhang Feng, a QDII fund manager of rich countries in China, told the media that the Shanghai and Hong Kong through pilot projects directly stimulated the blue chip sector of Finance and resources, and that funds first looked for opportunities from the targets of large discount to H-shares, which would enhance the valuation of blue chips to a certain extent in the short term. This information is good for domestic large cap stocks. The A share market shares have a certain discount to the H share market. It will also boost Hongkong's small and medium-sized stocks, especially medium-sized ones. At present, Hongkong small cap shares The valuation is significantly cheaper than A shares.

Opportunities for intermediaries

Shanghai and Hong Kong through Shanghai Stock Exchange and Hong Kong stocks through two parts: Shanghai stock exchange refers to investors entrusted Hongkong broker, securities trading service company established through the stock exchange of Hongkong, declare to the Shanghai Stock Exchange (sale and transfer), and sell the shares listed on the Shanghai stock exchange within the stipulated range; Hong Kong stock exchange means investors entrust the mainland securities company, the securities trading service company established by the Shanghai stock exchange, declare to the Hongkong Stock Exchange (sell and transfer), and sell the shares listed on the Hongkong stock exchange within the stipulated scope.

Analysts believe that this move is good for the two securities companies, A shares listed companies in CITIC Negotiable securities The share prices of securities companies such as state securities, Huatai Securities, Haitong Securities, China Merchants Securities, Everbright Securities, and state Yuan Securities have soared. It is worth noting that CITIC Securities, Haitong Securities and other securities companies in Shanghai and Hong Kong have listed companies, more noteworthy.