主题：【文摘】C股化解热钱乃危险之旅-控制千亿热钱的“损招” -- Chieftain

GDP grew 9.5% last year but A share market hit a six-year low recently.

Two reasons. One - GDP growth does not translate into profits of listed companies. Secondly, it is also related to the first point - poor corporate governance and investors'interests have been abused again and again. Changhong, Nanjing Panda, Hengrui, and Northeastern Expressway,... all happened one after another in the past few months.

Now even the domestic retail investors have lost their patience and tolerance.

The results - flight to quality

More money will go to H share (catalyzed by easier access to HK capital market via banks and travelling opportunities)

More companies will opt for H share listing (as sentiment in A share market will remain bearish)

Any government intervention will only exert temporal effects, and offer opportunities for smart investors to exit.