With Shanghai and Shenzhen markets overheating to their new highs, news came out today on another possible "thru-train" between Chinese (China) investors and Hong Kong Investors.
Similar to the initial rumours in 2007, during which time only residents of Tianjin would have been permitted to invest in Hong Kong H-shares, this time around, the news seems to indicated only residents within the Guangdong province would be permitted to invest directly into H-shares. At the same time, Hong Kong residents would also be permitted to invest directly in A-shares. Possibly to be enacted by 2010.
Whether this news is actual or not, there doesn't seem to be any reaction in the market. Hong Kong Stock Exchange (0388.HK) is up ~3%, but that can simply be explained by the overall market sentiment.
Will we get another deja-vu, with HSI jumping to 32,000 again?
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