"A" Opening to the Great Wall

categories: Indexes, Investing (Investment Management), Equities, Research Paper, CHIA Chin-Ping, HO Billy

This paper reviews the implications for global institutional investors of the recent developments in the China A-share market, which has expanded tremendously over the last two decades. Today, the Shanghai and Shenzhen stock exchanges have a total market capitalization of about USD 3.9 trillion dollars of which foreign participation accounts for just over 1% percent. Since the end of 2011, Chinese authorities have embarked on a series of efforts to accelerate the opening of the domestic capital market. Notable measures included a significant increase in the total QFII quota and a rapid expansion in the RQFII scheme. As access barriers fall away, China A-shares could soon become a viable investment opportunity set for global investors.


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