Yamada International Announces Special Team to Focus on Shenzhen-Hong Kong Stock Connect
The newly appointed team of 7 will focus specifically on the cross border link and aims to introduce existing and new clients into the financial benefits that the link can bring.
- (1888PressRelease) December 09, 2016 - Yamada International's Raymond Mckenzie - Senior Vice President of Wealth Management said "We expect the newly-launched link (Shenzhen Connect), which went live on December 5, to assist in our target of attracting clients from the mainland."
The launch of the cross-border link comes two years after the introduction of the Shanghai-Hong Kong Stock Connect (Shanghai Connect) - the pilot scheme that enables international investors in Hong Kong to invest in A-share large caps listed in Shanghai, and vice versa.
Raymond Mckenzie, states in a report that the launch (of the Shenzhen Connect) signifies an easing of capital outflow concerns and provides international investors with access to China's most dynamic equity market.
The current list of eligible stocks for the southbound Shenzen-Hong Kong link is being expanded to include constituents of the Hang Seng Small Cap Index with market capitalisation above HK$5 billion (US$644 million).
Mr. Mckenzie elaborates that the Shenzhen Connect has added another 102 stocks to the list, bringing the total number of stocks to 417. "Hong Kong-listed China small caps trade at 30% cheaper than the large caps, and much less compared to the 168% premium in the A-share market. We expect inflows from the Shenzen Connect to further support the re-rating of Hong Kong-listed China small caps."
Mr. Mckenzie went on to say "We firmly believe the Shanghai-Hong Kong Stock Connect will enable us to increase our worldwide customer base as well as our main target of Mainland investors".
About Yamada International
Since founded in 2007 Yamada International has helped its clients plan for the future and achieve their financial independence and expand their financial landscape. They form a partnership and take the time to learn about all the aspects of your life that affect, or are affected by, the management of your assets. Investment, holdings, trusts, early or late retirement planning and so much more. They believe that building a trusting and long-lasting relationship with their clients is the key to comprehensive wealth management plans that deliver long-term security and success. Yamada International venture capital and management consulting invest in and provide management consulting services (including investor relations services) to early stage emerging growth companies and to microcap and small-cap public companies. They aim to form close partnerships with companies, developing relationships with management, investors, and shareholders.
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