Industry insiders Hong Kong stock investment opportunities more clear – China new network-t420s

Insiders: Hong Kong stocks investment opportunities more clear – Beijing recently, the China Insurance Regulatory Commission issued "on the insurance funds to participate in the pilot through Hong Kong regulatory caliber", hundreds of billions of incremental funding is expected to boost the stock market, and with the continuous influx of international hot money, Hong Kong Shenzhen and Hong Kong through the gate so good, the Hang Seng index continued to rise in the festival. As of September 19th, to close at 23550.45 points, nearly two months cumulative increase of 13.25%, significantly outperforming the same period A share market index. It is worth noting that the Hong Kong and Shanghai deep theme funds occasion became popular, and optimistic about the outside world to repair the opportunity in the future valuation of Hong Kong stocks. Good "Shanghai Hong Kong deep" theme Fund recently, the momentum of capital injection into Hong Kong stock market is ferocious. Although Hong Kong shares plunged 809.10 points to close at 23290.60 in September 12th, it still can not stop the inflow of 2 billion 101 million yuan. The Shanghai Stock Exchange website shows that since August 31st, the net inflow of Hong Kong stocks through capital continued to maintain around 4 billion yuan. Some agencies believe that since August 16th, the SFC canceled the Hong Kong and Shanghai restrictions, Hong Kong stocks through the net cumulative inflows of over 56 billion, showing the attractiveness of Hong Kong stocks for the mainland funds. The funds participating in Hong Kong stock investment also get different returns. At present, the reference fund products are QDII fund for investment in Hong Kong stocks and "Shanghai Hong Kong deep" theme fund. Since the two quarter, the best performance of the "Shanghai Hong Kong Shenzhen fund for Qianhai Shanghai Hong Kong blue chips selection hybrid open source, since the two quarter rose 12.57%; another brother Fund — Qianhai Shanghai and Hong Kong open source deep advantage select mixed gains came in the second, second quarter since the NAV rose 12.32%. The two funds are the only two Shanghai and Shenzhen stock funds that simultaneously win the three largest index. In this regard, Qianhai open source Fund chief economist Yang Delong said, still optimistic about blue chips, blue chips are mostly high dividend yield stocks, these are mostly substitutes for bonds. "Recently, bond yields have declined, and some have fallen below the dividend yields of some stocks, and the money from the bond market has flowed into these high dividend yield stocks." Yang Delong said. Not only that, Hongkong as part of the emerging market, but also one of the overseas funds belonging to the UK after the withdrawal of the European Union, benefit from the mainland South capital and foreign investment to promote the joint efforts, the inflow of Hong Kong stocks in recent years, the amount of funds may reach 10 billion scale. China and Hong Kong stocks through securities Peng Hongkong SME investment theme index aspiring fund manager Chen Long said that a large number of capital inflows continued in Hong Kong, Hong Kong stocks effectively stimulate the investment enthusiasm, and launched the current strong market upside. Although the recent fed interest rate hike will also cause some disturbance to the overseas capital flow to Hong Kong stocks, but with the risk of interest rate hike being fully digested by the market, Hong Kong stocks are still one of the best places to belong to hot money. China and Hong Kong stocks through securities Peng Hongkong SME investment subject index aspiring fund managers Chen Long believes that the formal push for a period of time before in Shenzhen and Hong Kong through time and after the launch of a long, Hong Kong stocks still have a clear investment opportunities. Hong Kong stocks still have valuation repair opportunities, in early 2016, the Hong Kong stock market and A share market experienced a slump, the index and stocks were subject to significant shocks. Worth flying

业内人士:港股投资机会较明确-中新网   近日,保监会发布《关于保险资金参与沪港通试点的监管口径》,千亿增量资金有望提振港股市场,且伴随国际热钱不断涌入港股、深港通开闸等利好,恒生指数于节后继续上涨。截至9月19日,收于23550.45点,近两个月累计涨幅达13.25%,明显跑赢同期A股大盘指数。值得注意的是,“沪港深”主题基金借势走红,且外界看好对港股未来的估值修复机会。   利好“沪港深”主题基金   近日,资本注入港股市场的势头凶猛。尽管9月12日港股大跌809.10点报收23290.60点,仍不能阻止21.01亿元的流入资金。上交所网站显示,自8月31日以来,港股通资金单日净流入持续维持在40亿元左右。也有机构认为,自从8月16日证监会取消沪港通额度限制以来,港股通资金累计净流入超560亿,显示出港股对于内地资金的吸引力。   参与港股投资的基金也获得不同的收益。目前可供参考的基金产品分别是投资港股的QDII基金以及“沪港深”主题基金。二季度以来表现最好的“沪港深”基金为前海开源沪港深蓝筹精选混合,二季度以来上涨12.57%;另一只兄弟基金――前海开源沪港深优势精选混合涨幅排在第二,二季度以来单位净值上涨了12.32%。这两只基金也是仅有的两只同时跑赢三大指数的“沪港深”基金。   对此,前海开源基金首席经济学家杨德龙表示,依旧看好蓝筹股,蓝筹股多是高股息率的股票,这些多是对债券的替代。“最近债券收益率不断下降,有的已经低于一些股票的分红收益率,债市出来的资金就会流入这些高股息率股票。”杨德龙说。   不仅如此,香港作为新兴市场的一部分,也是英国脱欧后的海外资金归属地之一,受益于内地南下资金与外资的合力推动,最近流入港股的资金量将可能达到百亿级别的规模。鹏华港股通中证香港中小企业投资主题指数拟任基金经理陈龙表示,大量资金持续流入港股,有效激发港股的投资热情,并启动了当前的强势上攻行情。   尽管近期美联储加息也会对海外资金流向港股造成一定扰动,但随着加息的风险被市场充分消化,港股仍是热钱的最佳归属地之一。鹏华港股通中证香港中小企业投资主题指数拟任基金经理陈龙认为,在深港通正式推动前的一段时间,以及推出后比较长的时间内,港股仍有较为明确的投资机会。   港股仍有估值修复机会   2016年年初,港股市场和A股市场共同经历了暴跌,指数和个股均受到大幅震荡。值得注意的是,从沪港通开通以来,自遭受股市暴跌之后,港股市场的整体恢复能力远强于A股市场,在此背景下,不少投资港股的合格境内机构投资者(QDII)基金和沪港深基金,在今年前8个月都取得十分可观的收益。   鹏华港中小企拟任基金经理陈龙认为,尽管内地和香港估值差异在收缩,但A股长期以来形成的“轻大盘、重小盘”的投资风格,使A股很多大盘股相较港股仍有折价,同时中小市值港股相比A股则普遍具有更高的折价,因而随着后续深港通开通,在内地资金持续流入及投资风格偏好影响下,将迎来估值修复机会。   AH溢价仍较为显著。Wind数据显示,截至9月15日收盘,以在两地同时上市的AH股调整后市值比价计算,上证沪港通AH溢价指数处于120.25点,表明H股较A股仍有20%左右的折价。多家券商报告指出,深港通启动后,由于深港两地上市公司的估值差异和内地投资者多元化资产配置需求,预计港股中高成长且市值较小的高弹性板块或将受益。   针对当前市场行情,鹏华港中小企拟任基金经理陈龙表示,在国内投资者风险偏好持续下降的背景下,A股的市场风格逐步由新兴成长转向价值成长,港股的投资价值正逐步受到资金青睐。与内地投资者结构和风险偏好不同的是,香港市场以机构投资者为主,偏好大盘蓝筹股。因此,香港中小市值股票相比A股具有更大的估值差异,同时H股相比A股也具有更高的折价。   陈龙认为,随着内地增量资金在港股市场的沉淀,港股中的优质标的尤其是内地投资者钟爱的中小盘成长股,将迎来难得的估值修复。实习记者 任飞相关的主题文章: