Taiwan ETF or first open to inspire Hong Kong stocks unlimited imagination

Hong Kong "Half-traffic" to stimulate Hong Kong to regain 180,002 Bank of three ETFs or first opened, stimulate the market unlimited imagination new letters in the "Hong Kong-Guangdong Financial Cooperation Conference" held yesterday, the deputy director of the Guangdong Securities and Telecommunications Bureau, Cheng Cailiang, proposed that the central government should support Hong Kong and Guangdong securities companies to carry out the trading of Hong Kong stock agents, Let qualified domestic investors invest in Hong Kong stocks.　　Market participants believe that if the Hong Kong stock agency transactions, this is tantamount to "half traffic" Hong Kong. In this vision, Hong Kong stocks rose nearly 400 points yesterday, regaining 18,000 points.　　However, the industry reminded that the news stimulus is only short-term role, investors should not be too much to look forward to it. The Hong Kong-Guangdong Financial Cooperation Council will be accelerated in the integration of HK-HK finance, the chief executive of the HKMA, Mr Joseph Yam, put forward the "three-mutual five-pass" theory. He said that in the context of interaction, complementarity and mutual assistance, financial co-operation between the mainland and Hong Kong must first establish Hong Kong's positioning.　　"Five-pass" is to improve the liquidity of the two places, the liquidity of financial instruments, financial institutions liquidity, infrastructure, including financial instruments payment system connectivity, and the renminbi in the flow between the two places.　　On specific policy proposals, deputy director of the Guangdong Securities and Regulatory Bureau, Cheng Cailiang, proposed that the central government should support the Hong Kong and Guangdong securities companies to carry out proxy transactions for Hong Kong equities so that qualified domestic investors could invest in Hong Kong stocks.　　Professor Lawrence Lau, president and economist of the Chinese University of Hong Kong, also believes that Hong Kong-Guangdong Securities can be opened up and that the stock market can be wired to allow the two places to be listed concurrently. ETF into alternative "Half traffic" it is learnt that after the announcement of the suspension of the "Through Train" in 2007, Hong Kong Securities industry has been seeking a legal way to allow more money to enter Hong Kong. Recently, Mr Chow, chief executive of the Hong Kong stock Exchange, said the index ETF is expected to be launched in Shanghai this year, which is also seen as a "half-traffic" signal for alternative stocks.　　However, according to the reporter learned that Taiwan is actively studying the exchange traded funds (ETFs) listed on each other's initiative, but Taiwan and Hong Kong or China will be the first to achieve mutual listing of ETFs. Huang, vice chairman of the Dutch cooperation Bank, told our correspondent yesterday that Hong Kong asset management companies in the Silver Prudential's standard-zhi Shanghai 300ETF (2827,HK) is expected to go to Taiwan in July, become Taiwan's first single outbound ETF, but also the first Chinese Taiwan to invest in a A-share market ETF.　　Similarly, Taiwan's 50-index ETF is expected to be listed in Hong Kong in July, thereby realizing the listing of ETFs between the two places. Similar to HKEx's behaviour, the Huaxia fund has also submitted an application to the SSE for the issue of ETFs, and if approved, mainland investors will be able to invest in Hong Kong equities through ETFs, with a positive impact on Hong Kong equities. Moreover, it is learnt that the mainland is also planning to launch a A-share index on agriculture, real estate, finance, consumption and infrastructure in Hong Kong. Industry insiders expect the future development of ETFs will become the China-Hong Kong and Taiwan small stock through train. For the mainland or Hong Kong investors, by trading ETFs, they, it is true that risks can be dispersed. "Half-traffic" opening time is still suspected BMI managing director Shen Qinghong pointed out that in the past, mainland funds had been flowing into the Hong Kong market to buy and sell HK stocks, so the "semi-opening" proposal of HK stocks had only standardized these activities so that the relevant mainland authorities could understand exactly how much capital flows into Hong　　Insiders told reporters that there were some Hong Kong securities companies in the mainland to re-register a new company to deal with Hong Kong stock business, if the Hong Kong stock "half traffic" has been implemented, the securities companies do not need to re-register, the direct establishment of branch agency business is also legal. However, the analysis of Hong Kong securities companies, whether it is "half traffic" or the former said HSI ETF to the Shanghai Stock Exchange, there are problems to be resolved, such as how the most critical currency control will be liberalized. It is also doubtful whether mainland shareholders who open an account in Hong Kong will be regulated by Hong Kong or the mainland. Thus, the market to remind investors, Hong Kong equities agent only a few years ago the old concept, in the "North water South" the crux of the flow of foreign exchange into the outflow, the central did not calculate good account, even if "half traffic" to open, time is still doubtful.　　Therefore, investors should not be too much to aspire to. It is proposed that Hong Kong stocks at present are not suitable to buy Hong Kong stocks yesterday rose nearly 400 points, a strong recovery of 18,000 points, a total of HK $60.23 billion.　　The Chinese capital Bank, which is closely related to the "semi-opening" news of Hong Kong stocks, has a strong trend, with Bank of China, Bank of Communications and ICBC up more than 3%. Huang said that Hong Kong stocks from the lowest price to now has risen 50%, the current market for 18,000 is still on the sidelines. Whether Hong Kong stocks can continue to strengthen, the "half traffic" factor is very small, the key is to see if the global economy has come out of the doldrums. But it is undeniable that Asia's economy is beginning to recover. BMI Fund Management President Shen Qinghong said that Hong Kong stocks in recent days, although the rebound in news, but only short-term role, Hong Kong stocks can continue to good, mainly depends on whether the continued inflow of funds decided.