Demand for a new stock trading scheme linking Shanghai and Hong Kong has fallen sharply three days after launch, and the head of the Hong Kong exchange has said it was “hyped”.
Chinese investors so far have shown little appetite for Hong Kong-listed stocks, while international flows into China have slowed significantly since the first day of trading.
Charles Li, chief executive of Hong Kong Exchanges & Clearing, said the scheme had been “hyped” by the broker-dealer community, and urged investors to focus on the long-term impact of the link. “This is a bridge; it’s going to be here for years. There is really no fundamental rush,” Mr Li told the Financial Times. “Some of the hype needs to find a way to digest itself out.”
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