The gap between the share prices of Chinese companies that are listed in both Shanghai and Hong Kong has fallen to its narrowest level in three-and-a-half years, reflecting rising pessimism among mainland investors.
So-called A shares traded in Shanghai have traditionally sold at a wide premium to their H share counterparts traded in Hong Kong – averaging 40 per cent during the past three years.
But in recent days, the gap has shrunk to about 6 per cent. “It tells you that sentiment in the A share market is absolutely dreadful these days,” Fraser Howie, author of Privatizing China: Inside China's Stock Markets, said.
您已閱讀36%（622字），剩余64%（1118字）包含更多重要信息，訂閱以繼續(xù)探索完整內(nèi)容，并享受更多專屬服務(wù)。