Uneasiness over Shanghai-HK rules keeps big players at bay
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Hong Kong
PROFIT-TAKING and queasiness about the rules blighted trading via the Shanghai-Hong Kong stock connect this week after a brisk first day when mostly hedge funds and private banks snapped up all the available mainland shares within hours.
The scheme, which lets foreign investors directly invest in Shanghai-listed shares for the first time and mainland investors buy Hong Kong stocks, reached the 13 billion yuan (S$2.8 billion) daily "north-bound" quota on Monday, but achieved only 37 per cent on Tuesday, 20 per cent on Wednesday and 18 per cent on Thursday.
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