There are few things like a bull market to turn an investor’s head. Just look at China. Having slumped almost 50 per cent from its peak last June to a low in early January, the benchmark CSI 300 Index is now up 20 per cent.
The memory-erasing qualities of this year’s rally in Shanghai will soon be given a real test as a trading link between Hong Kong and the stock market in Shenzhen will make it far easier for investors to gain exposure to the shares of Chinese companies listed on the mainland.
The link to the Shenzhen market, or Stock Connect, as it’s known, could open as early as next week and, together with an existing trading link between Hong Kong and Shanghai, will be the