The last time I spoke at an HKSI lunch was about 18 months ago, which was only a week after the launch of Shanghai-Hong Kong Stock Connect.
Since then we have had last year’s turmoil in A-shares, renminbi volatility and some very significant stabilisation measures by the Mainland authorities.
On the back of this, the Hang Seng Index fell by about one-third from its April 2015 high. And after experiencing record levels of market turnover in the first part of last year, there has been a sharp drop to levels which are now very subdued.
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