There has been strong Southbound trading under Shanghai-Hong Kong Stock Connect today, setting a number of new records:
Total trade value: HK$8.15 billion (high for 2016)
Buy trade value: HK$7.12 billion (high for 2016)
Net buy trade value: HK$6.10 billion (high for 2016)
Sell trade value: HK$1.03 billion
The balance of the aggregate quota for southbound trading is around RMB 67 billion as of 24 June 2016.
The Southbound trading link is becoming a key conduit through which Mainland investors are participating in the Hong Kong stock market. The average daily turnover of the link has risen steadily and continuously, accounting for over 4 per cent of total Hong Kong stock turnover, up from about 1.5 percent in the beginning of May 2016. Moreover, Southbound trading has recorded net inflows for 40 consecutive trading days since 25 April 2016.
