H-shares are becoming stronger and a/h share premium rates are low since mid-April

-Our correspondent Zhao Xiai recently, liquidity abundant funds into the market to blue-chip, to boost the mainland and Hong Kong stock market once to create a phased high.　　H shares are stronger than a-shares, as of June 3, the latest premium rate of A shares is only 45.27%, creating a new low since mid-April, and 5 stocks A, h-share prices upside down. According to the latest statistics of the securities daily, as of June 3 closed, 57 a+h shares of the average price of 36.8 yuan, H-shares average price of HK $28.75, according to the latest exchange rate on the Hong Kong dollar (0.88 yuan = HK $1), the average price of H shares is 25.33 yuan. Ah shares the latest price ratio of 1.45,a shares premium rate of 45.27%. The premium rate was the lowest since April 16, the comparison found.　　In 32 trading days, a-share premium rate of more than 60% of the 14-day, May 12, the highest premium rate, a-share premium rate of 71.05%, May 4, May 8, May 14, May 18 Four session of the A-share premium rate is also above 65%. It is noteworthy that the current a-share premium rate is comparable to the middle of March, and a shares of this round of strong rebound is precisely in mid-March. According to statistics, from March 10 to 20th, a-share average premium rate is 40%, of which the March 18 A-share premium rate of 42.09%, March 19 for 40.68%. The Shanghai Composite Index continued to rise in these two days, becoming a A-share 2.5-month sustained rebound in the real starting point of the road. The following March 20 to April 15, a-share premium rate hovering around 30%, while the Shanghai Composite Index rose 12%.　　According to the current 2,778 point calculation, the Shanghai Composite index boarded 3,100 points in the corner. From the latest rotation of the market plate in both places, finance, steel and sea become three carriages, guarding "driving" a+h stock continued to rise. The increase of the listed bank and the expectation of mixed operation become the direct reason of the bank's big blue-chip winning. To build 20 two-level branches to expand the domestic market, China Merchants Bank yesterday led the rise, ah stocks rose 7.13% and 2.6% respectively, the latest AH-share premium rate of 31%, Bank of communications Ah shares rose 6.5% and 2.76%,ah share premium rate is only 17%. Iron and steel companies in the second half of the unit gross profit will be several times higher, the price response soared, MA steel shares AH shares 7% and 15.4% lead, the price difference between the cities has narrowed to only 0.57%, showing that the valuation gap between the cities has been quite small. Shipping stocks are also strong, the BDI index continued to rise and refresh near August new highs, the cumulative increase has been more than 4 times times a boost, the Chinese Ocean and China Sea Development A-shares rose 1.07% and 3.05%,h shares rose 8.38% and 7.69%, the latest two cities valuation gap is not more than 36%.　　In addition to the large blue-chip, the second-tier blue-chip H-shares are also significantly sought after, share prices to win a share and narrow the price difference. A-share premium rate rankings show that China Ping ' an, conch cement, China railway construction, Anshan iron and steel shares, China Life FiveOnly stock A-share price appears upside down. China Ping An A shares to 13.38% discount rate ranked first, the shares of AH-share premium upside down has been nearly half a year. As of yesterday, China Ping An A shares of the shares is 43.58 yuan, Hong Kong stocks for HK $57.1. In fact, since the exposure of China Ping An investment fortis losses, Ping An has been a continuous slump in China, but the clear H shares more resilient than a-share. The reason for the long-term upside down of AH shares premium is that the investment ideas are different. CITIC Investment analyst Liu Yang said, "H shares are mainly affected by overseas valuation systems, mainly looking at the long-term performance of the company, while a shares are affected by short-term factors, such as China's safe investment income is an important factor."　　"In addition to a a-share price upside down stock, MA Steel shares, China Railway, Construction Bank, ICBC and other stock A-shares premium rate of less than 10%." Some analysts believe that, according to the current valuation level, the quality of finance, steel, shipping has been clearly "oversold", investment opportunities are stepping closer. Outlook, with a A-share market full circulation era of gradual realization, AH shares premium space will be more limited.