The a-share market was closed during the holiday, but Hong Kong stocks opened normally, prompting more investors to step up trading of Chinese stocks listed in Hong Kong. The market’s exuberance has also boosted data such as account openings in the Hong Kong market for nearly a week.
According to Wind, in the past week, the daily download volume of Huatai International Zengle worldcom has tripled, the daily number of account opening applications has doubled, and the total margin margin has increased by 20% over the previous week, daily active users are twice as many as usual. However, there are also securities feedback that due to Chinese securities companies in Hong Kong can not develop in the mainland, but also lead to increase but not much.
Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region Government, said a number of factors were conducive to the market’s future reversal. It also said it would accept more innovative and high-quality companies to list in Hong Kong, enrich the industry composition of Hong kong-listed companies, and attract more interest in the Hong Kong stock market by focusing on new economic growth and long-term investors.
In addition, he said that next month, the office of Key Enterprises introduced by the HKSAR Government will release a list of a new batch of key enterprises, involving more than 10 enterprises, of which more than half are from the fields of artificial intelligence and big data, from the mainland, the US and Europe, some of which are leading companies in their field.