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大摩:料内地取消QFII限制对港交所(0388.HK)属负面影响 但短期股盈影响较少
格隆汇 09-11 13:29

就中国外汇管理局公布,决定取消合格境外机构投资者(QFII)和人民币合格境外机构投资者(RQFII)(以下合称「合格境外投资者」)投资额度限制。摩根士丹利发表报告表示,一向认为港交所(00388.HK)可受惠于外资透过本港进入内地资本市场此结构性利好因素,但倘若外国投资者透过上述开放措施,绕过本港进入内地市场,相信对港交所构成较大的利淡影响,但料对港交所未来数年每股盈利实质影响或仍属较少。

大摩表示,合格境外机构投资者(QFII)目前配额达3,000亿美元,但至今仅使用1,100亿美元,所以配额限制对外国投资者并非主要因素,并指外资目前主要透过互联互通计划流入A股市场,并相信未来数年不会改变。

该行指,本港资本账能够自由进出,相信外资未来仍会透过互联互通计划进入内地场。而该行料,港交所今年每股盈利预测会受压,因最近数月港股交投走弱。

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