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Banks compete for China stockpickers

Demand grows as banks woo foreign investors after the launch of Shanghai-HK Stock Connect scheme

Published Fri, Dec 12, 2014 · 09:50 PM

Hong Kong

CHINA stockpickers are becoming hot property as global banks compete for talent capable of piercing the veil of opacity and weak governance that is deterring some investors from taking advantage of new opportunities to trade Chinese shares.

China stocks have been soaring in recent weeks, in a rally driven by a surprise cut in interest rates on Nov 21 and the launch of the Stock Connect scheme earlier that week which, for the first time, gave foreign investors direct access to Shanghai-listed stocks via Hong Kong.

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