JP MORGAN: A-SHARE, H-SHARE PRICE DIFFERENCE MAY DROP TO 15%

AsiaInfo Services, September, 2007

AsiaInfo Services 09-07-2007 JP Morgan: A-share, H-share Price Difference May Drop to 15% HONG KONG, Sep 07, 2007 (SinoCast via COMTEX) -- JP Morgan Chase & Co. (NYSE: JPM) on September 5 forecasted that Mainland China's residents would see green light to make direct investment in the stocks market of Hong Kong several weeks later. The coming capital flood from the mainland will likely narrow the price difference between the A-shares traded in Shanghai and Shenzhen and the H-share floated in Hong Kong to 15% from the existing 30%. Frank Gong, chief economist of JP Morgan Greater China Region, pointed out that the Chinese regulator would not postpone the implement of the direct investment in Hong Kong stocks for a long time because of the overheating A-share...

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