[ET Net News Agency, 21 June 2018] Daiwa Research said increased Chinese liquidity
flowing to HK should boost interest from international investors. ADT (average daily
turnover) has picked up in HK year-to-date, with increased Mainland capital inflows one
likely contributing factor.
While HK's share of Mainland investment capital remains modest, the research house sees
considerable room for it to expand. It thinks increased capital inflows will kick-start a
virtuous cycle and drive rising and sustained interest from global investors in the HK
market.
Daiwa noted that Hong Kong Exchanges & Clearing (HKEx)(00388) has been active in
speeding up the development of its commodity, fixed-income and derivative businesses,
which is another way to encourage more investment capital from China to HK.
It reaffirmed its "buy" call on HKEx with a target price of HK$360. (KL)
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00388 HKEX
Nominal 
238.600 +13.400 (+5.950%) Others
21/06/2018 10:38
[I-bank focus]China capital kick-starts virtuous cycle in HK
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