Stock Connect May Lead To Mainland Investors Taking Up 25% Of Hong Kong Market Turnover In 2019

The stock connect program allowing Chinese and Hong Kong investors to participate in each others' stock markets is likely to see RMB160 billion worth of southbound inflows to Hong Kong in 2017, UBS AG says in a research report.

Meanwhile, 25 new stock connect mutual funds have been set up during the first eight month this year, at a total size of about RMB18 billion. At least 13 such funds are in the pipeline ready for launch or for regulators' review.

By 2019, mainland investors are likely to represent about 25% of Hong Kong stock market turnover, compared with 9% in 2014 and 2015, says the report.

The program now accounts for 10% to 11% of Hong Kong stock market turnover. If including other flows from qualified domestic institutional investors (QDII) and unofficial vehicles, UBS estimates mainland investors accounted for 16% to 1...

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