[SHANGHAI] THE days of paying different prices for the same stock in Hong Kong and Shanghai are numbered, according to Morgan Stanley.
Valuation gaps between dual-listed shares will disappear as an exchange link between the two cities leads to the creation of a "one-China" market, Jonathan Garner, the head of Asia and emerging-market strategy at Morgan Stanley, said in a Bloomberg Television interview in Hong Kong yesterday. Yuan-denominated A shares on the mainland are valued at a discount of about...
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