For the first time in more than three years, the gap between the share prices of Chinese companies dual-listed in Shanghai and Hong Kong has disappeared.
So-called A shares traded in Shanghai have traditionally sold at a wide premium to their H share counterparts traded in Hong Kong – averaging 40 per cent during the past three years.
But in recent days the average price gap has shrunk to zero – and on Friday, for the first time since November 2006, A shares were trading at a discount to H shares.
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