B Share Account Squatting in ShenzhenSince China Securities Regulatory Commission (CSRC) announced its ban lifting on B share trading, residents from Hong Kong have swarmed into Shenzhen, hoping to catch the last bus for B share account opening before the market resumes trading next Monday.Hong Kong residents who opened accounts on February 20 in Shenzhen Stock Exchange numbered about 600, as local media reported. The opening of B share market to the domestic residents proves a hot topic among Shenzhen citizens. Nevertheless, to open B share account is currently still reserved for overseas investors only and banned to domestic investors as did in the past. And domestic residents are still lying in the waiting for permission to open B share accounts as announced by the CSRC. Shenzhen's B share market withheld from February 19 to 23, and will resume trading next Monday (February 26). Experts estimated that all B shares would soar up to limits due to investors' panic purchasing. Yet according to different views, investors should keep an eye on the B share market for the time being before buying them. Because the saying about the merger of A and B share markets has been prevailing for quite some time now and caused the prices of B shares rising to a certain extent. by PD Online Staff Huang Ying |
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