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Update on China Stock Market
« on: November 22, 2010, 07:38:43 PM »
There is other evidence of a maturing market. Consider the A/H spread - or the price of H-shares in Hong Kong relative to their equivalent A-shares in Shanghai. From 2006 to 2009, mainland stocks traded at an average premium of 31 per cent to the more liberal offshore market. Since the beginning of this year, though, the average gap has narrowed to 6 per cent; since July it has fluctuated between a premium and a discount. - Financial Times

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