Shanghai Stock Buying Through Exchange Link Reaches Limit
This article is for subscribers only.
Investors piled into Shanghai shares on the first day of exchange-link trading, buying the maximum amount allowed in a sign of global demand for mainland equities as China opens up its $4.2 trillion market.
International investors purchased 13 billion yuan ($2.1 billion) of Shanghai shares by 1:57 p.m., triggering a halt in buy orders for the rest of the day. Mainland investors used about 1.8 billion yuan of their 10.5 billion yuan quota in Hong Kong. Trading through the link ran smoothly, according to brokerages including First Shanghai Financial Holding Ltd. and Emperor Securities Ltd.