On the one-month anniversary of the Shanghai-Hong Kong Stock Connect scheme, relative valuations on the mainland over Hong Kong have widened to their highest since November 2011.
The A-H Premium index tracks companies that have dual listings in Shanghai and Hong Kong. By dividing the mainland-listed A-shares by Hong Kong-listed H shares, it gauges the premium Chinese investors pay for the same companies.
On Tuesday that premium shot up 4.4 per cent, as the Shanghai market rallied 2.3 per cent to a new three-and-a-half year high, while the Hang Seng retreated by 1.3 per cent.
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