China investors aiming at arbitrage profits make Hong Kong shares soar

April 8, 2015 9:20 AM

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SHANGHAI, April 8 (Reuters) - Chinese funds are snapping up shares in Hong Kong, betting that a link-up between the Shenzhen and Hong Kong stock exchanges, and easier access for institutional investors, will yield quick double-digit or even triple-digit arbitrage profits.

On Wednesday, Chinese investors used the entire 10.5 billion yuan ($1.69 billion) daily investment quota for buying Hong Kong stocks under the Shanghai-Hong Kong Stock Connect scheme for the first time.

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