The Shanghai-Hong Kong Stock Connect scheme launches on Monday with the issue of capital gains tax now resolved.
Brokers have already begun offering incentives in an attempt to grab business and it remains to be seen how successful they will be. Very, according to analysts.
The scheme will generate Rmb5 billion $833 million in additional revenue for Chinese brokerage houses in the first year, equal to 6.6% of what they raked in during 2013, according to rating agency Moody's.
Moody’s estimate is based on a forecast of a maximum 10% increase in daily trading volume. Goldman Sachs research analysts offered a less excitable...
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