What’s new: The average daily turnover of the stock and bond connect programs linking the Chinese mainland and Hong Kong increased sharply year-on-year in the past few months despite market volatilities fueled by the coronavirus pandemic, Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority, said at an online roundtable organized by Caixin last month.
What’s the background: The connect programs allow investors on the mainland and in Hong Kong to trade on each other’s markets.
Despite what is going on in global markets, international investors remain interested in Chinese assets for sources of yield and risk diversification, Yue said, adding that the connect programs have played a key role in their investment by providing them with a convenient and low-cost way of accessing the mainland’s capital markets.
Quick Takes are condensed versions of China-related stories for fast news you can use. To read the full Caixin article in Chinese, click here.
Contact reporter Timmy Shen (hongmingshen@caixin.com)
