Advantage Hong Kong at launch of Stock Connect

Hong Kong-registered brokers may profit more than mainland firms as China eases trading rules.

Hong Kong-registered brokers look set to benefit more from the Hong Kong-Shanghai Stock Connect mutual access programme launching in October than mainland Chinese brokers say analysts.

Foreign investors will have access to about 500 more unique A-shares than they had before, while a large percentage of Hong Kong-listed stocks are also listed in Shanghai. If China continues to open its capital markets as expected and add Shenzhen to the Stock Connect scheme then 855 companies with more than $1 billion of listed market capital will be available.

Goldman Sachs research analysts estimated 1% more average daily turnover for mainland brokers versus 3% more for Hong Kong brokers....

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