Hong Kong’s bull run is not assured, UBS
"Investor sentiment in Hong Kong is good, but investors are increasingly cautious," said Johnny Yu (pictured), managing director at UBS in Hong Kong. "This is the second-highest level reached by Hang Seng Index since 2007. It is probably wise for investors to take a step back." Ten years ago, investors looked at the discount offered by A-shares relative to H-shares (those traded in Hong Kong), according to Yu. "Nowadays, rather than focusing on the discrepancy in price, they are more likely to look at the inflows from China into Hong Kong and the stocks that have been purchased," he said.
The full story is only available to registered users and subscribers.
Sign Up now for access to our news and data.Sign Up