Hong Kong-traded share of Chinese dual-listed companies are at their smallest discounts to their counterparts on the mainland in 15 months, reflecting the strong momentum in the city’s US$5.4 trillion equity market that has already entered a bull market.
An index compiled by Hang Seng Indexes, which tracks the price difference between the mainland Chinese company’s shares traded in Hong Kong, also known as “H shares”, and their mainland China-traded “A shares”, has fallen to 133.32 on Monday, the lowest since January 27, 2023. A reading above 100 indicates mainland stocks command premiums over those trading in Hong Kong, and vice versa for readings below 100, according to the compiler.
Source: TRADE FINANCE
