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HONG KONG Authentic Tyler Pitlick Jersey , Sept. 25 (Xinhua) -- Southbound activities will gradually pick up in the next few years and bolster the Hong Kong stock market, according to a UBS report.


Some investors might have underestimated the potential market impact of southbound flow (investment from the Chinese mainland to Hong Kong stock market) on the Hong Kong market, citing low ownership share of southbound flow, said Spencer Leung Authentic Devin Shore Jersey , a UBS analyst, here on Monday.


The ownership of southbound flow will only increase slightly to 3.8 percent by the end of 2020 from 2.3 percent currently, but the investment logic and valuation methods that A-share investors have adopted will apply to the Hong Kong market, he said.


The very high turnover of southbound flow will boost the turnover of the Hong Kong equity market Authentic Mattias Janmark Jersey , leading the latter to become more momentum driven, he said.


The annualized turnover for cross-connect stocks will reach 70 percent and 80 percent by the end of 2019, compared with 57 percent in July this year and the overall market valuation will pick up as well, he said.


Non-southbound fund managers typically turn their entire portfolio once every two years Authentic Radek Faksa Jersey , whereas southbound fund managers are 8.6 times faster, on average, than their non-southbound counterparts and often turn their entire portfolio a number of times a year, he said.


The Shanghai-Hong Kong Stock Connect was launched in late 2014 and the Shenzhen-Hong Kong Stock Connect in late 2016.


Southbound flow currently contributes around 16 percent of the trading volume of all the cross-connect stocks (about 87 percent of the Hong Kong equity market) and the figure is up from 12.5 percent in January this year Authentic John Klingberg Jersey , according to the report.


Workers set up large flower terrace on Tian'anmen Square in Beijing


Scenery of high-speed rail networks in south China's Guangxi


Military drill held near Turkish-Iraqi border in Sirnak


Autumn scenery of paddy fields in SW China's Guizhou


In pics: paddy fields across China


Scenery of high-speed rail networks in south China's Guangxi


Autumn scenery of Kanas scenic area in NW China's Xinjiang


10th Pink Ribbon Charity Walk held in Switzerland

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Wedding dresses come in a lot of different fabrics and a range of designs and colours, so it is a helpful idea to experiment and wear the different types to get a impression of what suits you best. Some wedding dresses have straps which can be basic or intertwined and look really attractive and other dresses are strapless and display more of the shoulders. The success of the different types of gown is greatly dependent on your physical build and it is crucial to ensure you look as good as you feel, but remember if you feel uncomfortable, it is better to possibly try another design.

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Author's Resource Box

Chloe is a keen reporter who pens occasional pieces on wedding day ideas. Click here for additional wedding dress design ideas.

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