I posted yesterday about the flows out of China in response to the Shanghai-Hong Kong Mutual Connect approaching:
People’s Bank of China (PBOC) sets yuan reference rate at 6.1528 (vs. prior set at 6.1538)
Reuters have an article up today on impacts on the Hong Kong stock exchange: Inflows to Hong Kong ETFs soar as foreigners bet on Chinese stocks
- Offshore investors are … plowing billions of dollars into Hong Kong’s exchange-traded funds denominated in the yuan currency
- fund managers are wagering on a sustained rebound for the Shanghai Composite Index .SSEC after a prolonged four-year slump has opened up opportunities to buy on the cheap
More at the article.
