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Chinese investments in Hong Kong gets investors going |
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Thursday, 23 August 2007 |
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Subprime worries have been forgotten for now as the easing of restrictions for mainland chinese to invest in Hong Kong takes effect.
Wall Street likes Chinas new policy with regard to allowing mainland individuals to invest in Hong Kong securities China's forex regulator announced yesterday that it will begin allowing Chinese individuals to invest directly in overseas securities, in its latest move to encourage capital outflows. This move has many investors forgetting at least for a little while the sub-prime worries that’s thrown the market into a tizzy. Investors seem to be salivating at all the trillions of dollars that china has amassed could soon be pushing up markets all over the world. In the short term wall street is responding very favorably to all this. Maybe now is the time to get back into the market. |