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Chinese investors flock to Hong Kong to buy stocks they could get at home
Discounts on trading commissions, lower margin-finance charges render the city's securities firms' offerings a bargain compared to the mainland's
Published Wed, Jun 3, 2015 · 09:50 PM
Hong Kong
STEPHEN Qin, a 28-year-old office worker in northern China, travelled 1,600 kilometres and set up an account in Hong Kong to trade Chinese stocks he could have bought at home.
The money of thousands of mainland investors is doing a similar round trip, flowing into brokerages in Hong Kong and then returning to China via share purchases through the city's stock connect with Shanghai.
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