Shenzhen Hong Kong Has Quickly Become The Focus Of The Market

As the main players in Hongkong market are institutional investors, there is a clear preference for blue chips.

Shenzhen Hong Kong Tong will be conducive to the Shenzhen blue chip sector, while gem and small and medium-sized board may benefit from relatively limited, small cap stocks may be subject to greater valuation pressure.

Opening is only a matter of time.

From the positive attitude of all parties concerned,

Opening is only a matter of time.

Prior to that, according to a reporter from the Hongkong stock exchange, the cooperation between Shenzhen and Hong Kong has already started to study. There is no difference between the two sides in the direction of cooperation. The details of the technology are only a matter of time.

As long as the regulatory authorities approve, Shenzhen Hong Kong Tong will soon be opened.

For the opening time, the market is optimistic, Yang Delong, chief strategist of the southern fund, believes that the recent high-level statements show that the launch of Shenzhen Hong Kong Tong has no policy barriers.

Shanghai Hong Kong Tong and Shenzhen Hong Kong Tong belong to the inevitable step towards internationalization of A shares.

After the launch of Shanghai and Hong Kong, the launch of Shenzhen Hong Kong Tong is only a matter of time.

Ping An Securities research report pointed out that Shanghai and Hong Kong opened a door for the entry of overseas investors, and also provided mainland investors with the opportunity to invest in Hong Kong's high-quality companies. However, building a multi-level and internationalized capital market can not just satisfy this, and the future will definitely be further opened to the outside world.

Shenzhen Hong Kong Tong is expected to open in the fourth quarter.

Because of the small and medium sized board and gem, Shenzhen Hong Kong's impact on Shenzhen stock market may be more complicated than Shanghai and Hong Kong's impact on Shanghai stock market.

Shenzhen Hong Kong Tong will be conducive to the Shenzhen blue chip sector, while gem and small and medium-sized boards may be relatively limited.

Shenzhen Guo Cheng investment director Huang Daolin believes that the main participants in the Hongkong market are institutional investors, and have obvious preferences for blue chips.

The average daily turnover of small and medium sized boards and gem in Shenzhen was about 10 billion yuan in 2013, and the market was active. However, compared with the main board, Hongkong gem appeared rather cold.

In 2013, the average daily turnover of Hongkong's main board exceeded HK $60 billion, and the average daily turnover of gem was less than HK $1 billion.

Yang Delong believes that Shenzhen and Hong Kong are conducive to the Shenzhen blue chip sector, such as real estate, banks, brokerages, nonferrous metals and so on, but small cap stocks may have greater valuation pressure, especially GEM stocks.

The valuation of small stocks in Hongkong is very low. If the Shenzhen Hong Kong stock exchange is opened, the valuation of the small cap stocks will be close to each other, which will form a certain pressure on the gem and the small and medium-sized board in Shenzhen stock market.

Ping An Securities Research Report believes that the Shanghai and Hong Kong can invest in the target market based on blue chips, the Shanghai Stock Exchange and the Hong Kong Stock Exchange's blue chips valuation is close, the two interoperability will not have a greater impact on the two market.

The Shenzhen Stock Exchange's SME board and gem have higher valuation level and active pactions, while the Hong Kong Stock Exchange's growth enterprise market is still in the doldrums.

On the one hand, the exchanges between Shenzhen Stock Exchange and HKEx can provide mainland investors with investment opportunities in the GEM market; on the other hand, due to the investment preference of Hongkong institutional investors and the expectations of mainland investors, there may be a certain impact on GEM and small and medium board in the short term.

The Hongkong exchange itself is also a listed company. The opening of Shanghai and Hong Kong has brought a wave of rising prices to its stock price.

The stock exchange rose more than 50% from the opening news in April of last year to the actual opening in November.

Stimulated by the good news from Shenzhen and Hong Kong, the HKEx's stock price has risen for 3 consecutive days since the beginning of this year, with a cumulative gain of nearly 4.5%.

Recently, a number of international investment institutions have adjusted the target price of the Gaogang stock exchange.

Morgan Stanley believes that the average daily turnover of HKEx will increase from HK $72 billion to HK $80 billion this year, and the target price of HKEx will be raised from HK $200 to HK $225.

From the point of view of capital flows, HK $37 million 100 thousand has been inflow into the HKEx warrants in the past 5 trading days.

The exercise price of major active warrants ranged from HK $177.88 to HK $200.

Insiders said that whether the market situation triggered by Shanghai and Hong Kong will be replayed in Shenzhen Hong Kong is worth paying attention to.

Last year, under the stimulation of Shanghai and Hong Kong, the related RQFII-ETF fund became the object of capital pursuit.

Last April -10 months, Shanghai and Hong Kong through the "hairdryer" in the past 6 months, the South A50 and Bo Shi FA50 share size grew surprisingly.

The share of A50 fund in the South has surged to 5 billion from 2 billion 918 million in the early April.

The share of FA50 increased from 141 million at the beginning of the year to more than 1 billion 800 million.

Today, the ETF fund with Shenzhen Hong Kong is worth paying attention to.

According to the financing fund, the Shenzhen 100 index is the index with the highest popularity in Shenzhen, covering 100 stocks with the largest market value and the best liquidity in Shenzhen stock market.

The Shenzhen 100 Index constituent stocks covered the Shenzhen A/H discount stock, with the valuation advantages of banks, real estate, household appliances, food and beverage industries, and so on.