AH Share Premium Index Hit A New Low Of Nearly 7 Years, A Shares "Bottom Said" Prevailed

< p > reporter noted that Hang Seng a href= "//www.sjfzxm.com/news/index_c.asp" > AH shares < /a > premium index was first issued on the first day of the issue, which was 133.24 points. In other words, the A share premium to H-share was 33.24% overall.

But since mid June 2010, the premium index has fallen below 100 points.

Yesterday, the Hang Seng AH share premium index fell 0.17% again, closing at 91.79, while the intraday hit a new low of nearly 7 years, 91.35.

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< p > this also means that compared to the first day, a href= "//www.sjfzxm.com/news/index_c.asp" > closing price < /a >, the Hang Seng AH share premium index yesterday has shrunk by more than 40%.

Because "A+H" shares are mostly blue chip stocks, the Hang Seng AH share premium index has become a microcosm of "weak A shares and strong H-shares" in recent years.

In 2014, the latest closing price of the Shanghai composite index yesterday was 2030.5, down 4% from 2115.98 at the end of last year.

Meanwhile, the Hang Seng Index fell by 0.8%.

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< p > under this background, the recent A share "bottom theory" is once again released.

Media statistics, in the history of Hang Seng AH premium index fell below 100 points, the A share market has rebounded to varying degrees.

For example, the index bottomed out between June 2010 and July 2011, which lasted for about 13 months, with a minimum of 91.8 points during the period.

The Shanghai Composite Index saw a 2319 point low in July 2010 and then rose to 3186 points in November of that year, rising by 37.38% during the period.

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< p > in addition, the AH premium index fell to 100 points from the end of October 2012 to the end of January 2013, and the lowest point was 94.4 points.

During that period, the Shanghai Composite Index hit a 1949 low point after falling down, and then rebounded at the end of 2012, rising to 2444 in February 2013, or 25.37% during the period.

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< p > in particular, < a href= "//www.sjfzxm.com/news/index_c.asp" > SFC < /a > approved the pilot scheme of interconnection between Hongkong and Shanghai stock exchange in April 10, 2014, also known as Shanghai Hong Kong.

At present, many brokerages have developed a financial product investment model based on A+H share spread arbitrage.

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< p >, however, Guoxin Securities, a research report bluntly, the A/H discount rate is not a standard to judge individual stock investment opportunities, nor is it likely to have a decisive impact on the market trend of blue chips.

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< p > data show that among the 83 "A+H" stocks, the A shares of 27 stocks are lower than those of H-shares (see table).

Among them, conch cement, Anshan Iron and Steel Group, Ninghu expressway, Weichai Power A, H-share discount rate exceeds 20%, including China railway construction, China Shenhua, China Ping An and so on 18 stocks, A, H-share discount rate exceeds 10%.

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