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美銀證券:重申港交所(0388.HK)買入評級 目標價529港元
格隆匯 12-28 17:00

近日滬深港交易所及中國結算就ETF納入互聯互通標的整體方案達成共識,美銀證券發表研究報吿指,料ETF納入互聯互通標的將在7月初推出,相信將成北向及南向成交額的新動力,亦有助香港的整體成交額,從長遠來看,這也是國內資金流向香港支持市場流動性的關鍵一步,港交所(0388.HK)是香港證券及衍生品市場的主要營運者及監管者,予目標價529港元,重申“買入”評級。

該行表示,中國ETF的規模愈來愈大,增長依然穩健,雖然2021年ETFS的表現因互聯網等行業表現疲軟而有所不同,但整體資金流向ETF仍然錄得正流入,ETF良好的流動性使得該產品在散户和機構投資者中比以往更受歡迎,ETF也可能成為未來海外投資者投資組合的重要組成部分。

該行續指,隨着中國ADRS(美國預託證券)從美國交易所退市的風險增加,更多ETF迴歸,預計明年下半年及2023年上半年將成為香港出現流動性壓力的第一個窗口,而ETF納入互聯互通標的可能是北京支持香港的措施之一。

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