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<Research>BofAS: CN Launches 5 Measures to Support HK Financial Mkt, but Short-term Impact Limited
Recommend 7 Positive 12 Negative 9 |
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China's regulators announced five measures to support Hong Kong market, including the expansion of ETF Connect, the inclusion of REITs in Stock Connect, supports to the inclusion of RMB counter in southbound trading, further mutual recognition of funds and supports to more leading companies' listing in Hong Kong, BofA Securities issued a research report saying. BofA Securities believed that these measures are important to support Hong Kong's role as a regional financial center in the long run, and the potential inflow of capital from China could improve Hong Kong's liquidity issue, but the short-term impact should be limited. BofA Securities kept its target price on HKEX (00388.HK) at $290, with rating kept at Buy, based on its improving ties with the China market and investors, which could drive future earnings growth. AAStocks Financial News |
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