Shanghai
CHASING higher returns in a slowing economy, Chinese investors could soon dominate Hong Kong's stock market, likely redefining how shares, especially small-caps, are traded and priced there.
Chinese money will account for a third of Hong Kong's stock trading turnover in three years, up from a tenth now, UBS and other brokers predict. Some traders say it could hit 50 per cent within five years.
That would be a sea change for Hong Kong's century-old stock market and a serious challenge to Western players. European and US investors now account for almost a quarter of stock turnover.
Fund managers say the inflow of Chinese money will be driven by deregulation, fears of yuan depreciation, and...
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