stock connect

Chinese brokers set for Stock Connect boost

The scheme, which launches on Monday, will generate Rmb5b ($833m) in extra revenue for mainland brokers in the first year, according to Moody's.

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...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222