Temasek sold 600 million of the bank's H-shares
at an off-exchange average price of HKD5.
This move in foregoing A-shares and turning to H-shares
shocked the market.
The reference index may include both A and H-shares
in these companies, depending on tradability.
According to the firm, CN will offer direct access to China A-shares in addition to China B-shares, China H-shares
, China Red Chips, China P-Chips, China ADRs, and securities of Chinese companies listed in the US and Singapore.
Weak earnings were the main drag on H-shares
, with Great Wall Motor Co Ltd shedding 6.
UBS upgraded H-shares
-- Chinese stocks listed in Hong Kong -- to "overweight" on a view the string of growth-friendly reforms announced after a party plenum should help them outperform Asia excluding Japan for the next few months.
Following a grim November when H-shares
outperformed A-shares for a sixth straight month, the CSI300 and Shanghai Composite indexes are down 9.
A-shares are protected from international capital and FX gyrations in the way that H-shares
listed in the open capital markets of Hong Kong are not.
It offers more than 5000 CFDs' shares from the world major exchanges including indices such as Australia 200, Hong Kong HS34, India 50, Singapore blue Chip, US SPX 500, FTSE 100, China H-Shares
, Germany 300, Wall Street, Taiwan All-Share, France 40, Japan All-Share, FTSE 250, US Tech 100, and other European indices.
For example the financial sector is highly discounted in China domestic market, by more than 20%, so the A-shares of Industrial and Commercial Bank of China, for example, are much cheaper than H-shares
One is the cross-listing Hang Seng H-Shares
ETF which provides local investors the market exposure of H share index explicitly.
924 billion H-shares
of the Chinese bank with HK$12.