Business · Companies · 4 hrs ago

Hong Kong wealth managers back wider access to China’s Star Market and ChiNext

Hong Kong wealth managers back wider access to China’s Star Market and ChiNext

A survey found that 91% of respondents support wider access to two mainland Chinese stock markets for qualified professional investors.

The markets are Shanghai’s Star Market and Shenzhen’s ChiNext, both often compared with Nasdaq.

The survey was conducted by the Private Wealth Management Association and KPMG China among association members and other industry figures in Hong Kong.

Most asset managers expect broader access to strengthen Hong Kong’s private wealth business.

The markets’ hard-tech companies continue to attract investors despite a recent pullback.

The survey shows strong industry support for widening access, but it does not say when or whether the change will happen.

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