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Abundant retail turnover provides alpha opportunities in China-A
Abundant retail turnover provides alpha opportunities in China-A
2019/11/28

以下翻译结果由阿里云机器翻译引擎生成,仅供参考。 睿亚资产对内容的准确性或适当性不承担任何责任,如与英文原文含义不同,以原文为准。

The combination of market participants looks quite unique in China A-share with close to 82% of daily trading turnover contributed by individual investors, while retail trading only accounts for 16% in Hong Kong, where China H-share is listing. Institutional investors are still the minority in China A-share although their involvement will continue to pick up as domestic pensions, insurers, asset managers, and family offices are growing. Besides, foreign investors are able to gain access to the onshore Chinese equities listed in Shanghai and Shenzhen easier through Connect Program, which trading can be executed via Hong Kong stock exchange. That's said, given the current mix of investors in China A-share now, professional investors may generate alpha performance from the potential mispricing on the back of less sophisticated trading activities.


The combination of market participants looks quite unique in China A-share with close to 82% of daily trading turnover contributed by individual investors, while retail trading only accounts for 16% in Hong Kong, where China H-share is listing.  Institutional investors are still the minority in China A-share although their involvement will continue to pick up as domestic pensions, insurers, asset managers, and family offices are growing.  Besides, foreign investors are able to gain access to the onshore Chinese equities listed in Shanghai and Shenzhen easier through Connect Program, which trading can be executed via Hong Kong stock exchange.  That's said, given the current mix of investors in China A-share now, professional investors may generate alpha performance from the potential mispricing on the back of less sophisticated trading activities. 

  • 赖子健
    赖子健 , CFA

    合伙人兼联合首席投资官

  • 赖子健
    赖子健 , CFA

    合伙人兼联合首席投资官

以下翻译结果由阿里云机器翻译引擎生成,仅供参考。 睿亚资产对内容的准确性或适当性不承担任何责任,如与英文原文含义不同,以原文为准。

The combination of market participants looks quite unique in China A-share with close to 82% of daily trading turnover contributed by individual investors, while retail trading only accounts for 16% in Hong Kong, where China H-share is listing. Institutional investors are still the minority in China A-share although their involvement will continue to pick up as domestic pensions, insurers, asset managers, and family offices are growing. Besides, foreign investors are able to gain access to the onshore Chinese equities listed in Shanghai and Shenzhen easier through Connect Program, which trading can be executed via Hong Kong stock exchange. That's said, given the current mix of investors in China A-share now, professional investors may generate alpha performance from the potential mispricing on the back of less sophisticated trading activities.


The combination of market participants looks quite unique in China A-share with close to 82% of daily trading turnover contributed by individual investors, while retail trading only accounts for 16% in Hong Kong, where China H-share is listing.  Institutional investors are still the minority in China A-share although their involvement will continue to pick up as domestic pensions, insurers, asset managers, and family offices are growing.  Besides, foreign investors are able to gain access to the onshore Chinese equities listed in Shanghai and Shenzhen easier through Connect Program, which trading can be executed via Hong Kong stock exchange.  That's said, given the current mix of investors in China A-share now, professional investors may generate alpha performance from the potential mispricing on the back of less sophisticated trading activities.