Shanghai Composite index of international influence in Japan

Guo Xinlin/Wen as China's economy has been strong in recent years, a-share has become increasingly influential in the international financial markets, and the Shanghai Composite Index, as a a-share benchmark, has been greatly enhanced in the eyes of Hong Kong investors.　　Hong Kong stocks from the original follow the shadow of the U.S. stock market, to a a-share, the impact of Chinese institutions are growing, gradually became the "renminbi expulsion of the dollar" trend. China's stock market in the international financial market, the rise in influence, had to start from "2.27". February 27, 2007, the A-share index plunged, falling by about 9% per cent. It is not surprising that Hong Kong's Hang Seng index has plunged for two days in a row, but the surprise is that European equities, which opened in the afternoon of Beijing time, have plunged, and the early days of the US stock market have also been hit. At the same time, the exchange rate, commodity prices have fluctuated sharply.　　The Shanghai Composite then led the global rally and quickly hit new highs, giving a sigh of relief to global financial markets. For the unprecedented influence of China's stock market, the Western media has behaved "confused". Even the well-informed, CNBC hosts are a bit of a dull face to the "power" of the Shanghai Composite, which they have no knowledge of. Since the Chinese stock market has not even been as influential as India's, the Chinese stock index has been playing alongside the markets in the CNBC display.　　These usually can be said to be panic's top financial host, at present only to the irrelevant reason to explain the Chinese stock market shock wave, they may be in the blame director: Why not find a understand the Chinese stock market analyst come over to talk about. And Hong Kong stock market, in the past many years are very "despise" a-shares, one is indeed so far there are many need to improve the place, both Hong Kong stock market, although also affected by the mainland's macroeconomic policy, but the day-to-day trend is basically following the U.S. stocks. "2.27" has made Hong Kong investors realise that the influence of a-share has been negligible.　　Now, a variety of electronic financial media in Hong Kong in the opening hours with the mainland at the same time real-time link, reflecting the impact of a shares on the Hong Kong stock market.　　To this day, China's four markets (Shanghai, Shenzhen, Hong Kong and Taiwan have already surpassed Japan in market capitalisation, after the US; on a single exchange, the Shanghai stock market is already the world's market, and its position is already in line with the country's economic clout, and the Shanghai Composite Index is increasingly becoming an important indicator of international financial markets. In the current financial crisis, the Shanghai Composite Index became the "leading indicator" of risky assets in the world, taking the lead in bottoming out.　　At present, the pursuit of risky assets is gradually spreading trend, the Shanghai Composite Index as the "leader" of the market is not changed. However, these changes have yet to deepen, the current stock of Hong Kong stocks by the daily trend of the impact is still very large. To achieve a a-share replacement of the U.S. stock market as a guide, the objective basis is that the mainland securities companies and investors can really effectively participate in the Hong Kong shares. This day is believed to come soon. From the recent movements of Chinese financial institutions to the regulation of laws and regulations, the scale of mainland investors ' indirect or direct participation in Hong Kong stocks will be more and more big。　　From qdii to mainland exchanges to buy and sell ETFs with Hong Kong stocks, and to the provisions of the Cepa Supplementary Agreement on the establishment of securities advisory bodies in the two places, the mainland securities companies will gradually replace foreign capital as a major player in Hong Kong equities in the coming years. The internationalization of RMB is bound to cause more foreign investors to increase the allocation of assets in China, and the large-scale presence of Chinese financial institutions in Hong Kong, expansion of business in Hong Kong, it is bound to accelerate this trend. It is believed that in the future, global stock analysts will learn how to interpret information from China's stock market, thus perfecting their understanding of the linkage of various important assets.