Chinese Stocks’ Discount Over Hong Kong Peers May Be Fading Fast
The premium Chinese stocks have over their Hong Kong listings has shrunk, driven by a potential dividend tax waiver for equities bought in the city through a China trading link.
The premium Chinese stocks have over their Hong Kong listings has shrunk, driven by a potential dividend tax waiver for equities bought in the city through a China trading link.
Chinese developer stocks rallied for a second day after two major cities scrapped restrictions on residential property purchases, boosting optimism that more local governments will follow suit.
The People’s Bank of China will likely buy and sell government bonds — not as a move toward quantitative easing, but to shake off a reliance on banks for funneling cash to the financial system, according to Australia & New Zealand Banking Group.
The recent rebound in Chinese stocks has come despite worsening fundamentals, while India is delivering solid profits, Citigroup Inc. strategists wrote, downgrading China and upgrading India in emerging market allocation.
Shares in Asia rose Friday after an upbeat day on Wall Street following jobs data that supported the case for US interest-rate cuts.
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