HK-Shanghai stock tie-up could hit currency volatility
Equity flows could impact offshore RMB but the movements are likely to be limited initially due to daily quota cap
Potential irregular flows in and out of Hong Kong's equity markets from mainland investors via the Shanghai-Hong Kong Stock Connect could drive CNH volatility higher say analysts, but the announcement has not yet impacted short-term CNH futures pricing.
Trading under the pilot scheme announced on April 10 will initially be subject to a maximum cross-boundary investment quota, together with a daily quota that will be monitored on a "real-time" basis. The Northbound Trading Link (investment into
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