Yang Delong: the valuation of Hong Kong stocks still remains the world’s lowest admission opportunity hot column capital flows thousands of thousands of stocks the latest Rating Rating diagnosis simulated trading client sina finance App: Live on-line blogger to tutor Sina Hong Kong APP: real time market exclusive reference stocks also worth the investment? What’s the problem? Where is the future of the way out? Sina launched the "Hong Kong Hong Kong stocks as well as unattractive" discussion, with a rational and constructive attitude, welcome attention to Hong Kong stocks, concern of the capital market, Hong Kong stocks together for suggestions, seek the Hong Kong stock market tomorrow. Please to hkstock_biz@sina. After the implementation of the general manager Yang Delong of Qianhai Kaiyuan Fund Management Limited Hong Kong and fusion of interoperability Nanxiao valuation differences between the two in Shanghai and Hong Kong through the launch, AH shares price difference gradually narrowed, we see AH shares premium index dropped from 150 to about 120, A shares in Hong Kong stocks than the expensive range from 50% down to 20%. After Shanghai and Hong Kong through the opening, this number will further decline, but will not completely eliminate this difference. The difference between the two valuation of the stock market and many factors related, for example, A shares of investors are retail investors, Hong Kong stocks are the opposite of the 80%. The ability to accept some of the relatively strong retail investors, resulting in high valuations. In addition, the two sides of the capital structure is also different, Hong Kong stocks open to the world’s funds, the impact of global capital flows, while the A shares are relatively blocked, the domestic liquidity adequacy will raise the price of A shares. Therefore, the existence of a certain degree of rationality AH difference, not necessarily in the realization of mutual exchange after the elimination of mutual investment. In addition, different industries, the gap is not the same, for some of the high growth of A shares of the industry, indeed enjoy the premium valuation. But A shares of blue chip valuations are low, and some even cheaper than Hong Kong stocks. Hong Kong stocks short-term adjustment does not change the rebound trend we can actually see that Hong Kong stocks have rebounded today, or larger. May be related to presidential candidate debates, Hong Kong stocks trend is still in a rising channel, in the Spring Festival this year, A shares to see the end of history after the fact Hong Kong stocks also saw the end of history, I pointed out that, after Hong Kong stocks fell below 19000 points in fact there is a very good buying opportunity, is now out of 19000 at the bottom, showed a good upward trend. However, in fact, compared to the United States and Hong Kong stocks rose is still relatively small, the valuation of Hong Kong stocks is still the lowest in the world’s major markets. From this perspective, Hong Kong stocks will not necessarily be a substantial adjustment, but after a short period of adjustment, continue upward, so it is still a chance to enter. Enter the Sina financial stocks] discussion相关的主题文章: