China investors use full daily quota of HK stocks for first time

Shanghai

CHINESE investors, for the first time, on Wednesday used the entire 10.5 billion yuan (S$2.29 billion) daily investment quota granted for buying Hong Kong stocks under the Hong Kong-Shanghai Stock Connect scheme.

The buying boosted the Hang Seng Index, which soared more than 3.7 per cent. The Hang Seng China Enterprises Index of Hong Kong-listed mainland companies was up 5.7 per cent for the day.