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Citi: SH, SZ-HK Connects Expansion Near-term Impact Limited; Remains Upbeat on HKEX
 

Citigroup's report pointed out that the near-term impact of the elevated Stock Connect daily quotas is estimated to be limited, as the current quotas are far away from being used up. It is believed that the Stock Connects will be further relaxed in the future, such as adjusting the RMB500,000 account size eligibility, which would have greater impacts.

The broker remains bullish on HKEX(00388.HK)  +0.800 (+0.302%)    Short selling $43.85M; Ratio 5.400%   as it will continue to be a preferred listing platform for Mainland companies, for which it is rated Buy at the target price $420.

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