Credit Suisse’s Nicole Yuen, who in 2003 became the first foreigner to trade mainland China stocks, recently spoke with the Wall Street Journal about some of the lessons learned from a decade of stock trading in China. One key point or lesson that she makes towards the end of the interview was the following:
…the investor appetite and investor sentiment in the Asia market is very different from that of the international market or in Hong Kong. The Asia market is primarily made up of retail investors with a very short term focus and very speculative sentiments. They are also very close to the information source. So their reaction time is very quick. Now for international investors, they are much more distant from the market. Their appreciation of the events happening in China is completely different. And more serious, if an international investor do have a choice, they do not have to go into China as can actually invest in stocks in other parts of Hong Kong or the US that are related to China.
Similar Posts:
- Fund Manager Consensus: Hong Kong Needs China More Than Vice Versa (AsianInvestor)
- What Hong Kong Dollar Bond Exposure Means to Investors (The Asset)
- Hong Kong Stocks Roar Into 2021 on Surge of Investment From China (Nikkei Asia)
- Investors Could Short Hong Kong to Hedge Long Shanghai Positions (BOCOM International)
- Podcast: Our Man in Hong Kong (Robeco)
- Be Wary of the MSCI China Inclusion Hype (WSJ)
- Russia’s Bourse to Start Trading HK Stocks (Asia Times)
- Key Findings: Credit Suisse Emerging Markets Consumer Survey
- Why a Financial Crisis is NOT Brewing in China (Institutional Investor)
- China’s Investment Managers Abandon the Retail Market to Focus on Wealth Management Market (FT)
- MSCI’s Decision on China’s Onshore Stock Market
- Korea & Taiwan Use Renminbi for Majority of Payments with China & Hong Kong (The Asset)
- Two Systems, Zero Trust? Hong Kong’s Extradition Row Risks Business Exodus (Nikkei Asian Review)
- Perspective Global Equity: Why China A, Why Now? (William Blair)
- Moody’s Downgrades Hong Kong’s Rating to Aa2 From Aa1; Raises Outlook to Stable from Negative (Moody’s)
