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To happen out the degree of the alteration brought by Shanghai-Hong Kong Stock Connect to the Hong Kong economic.

Purposes and aims:

The ground of I taking this subject is because the Shanghai-Hong Kong Stock Connect is a new tool between Hong Kong and China. It will traveling to alter the Hong Kong and China economic. As a citizen the Shanghai-Hong Kong Stock Connect related to our life in many different manner when is consequence our economic. Besides, the Shanghai-Hong Kong Stock Connect is a new policy that are non much people understand how is work. So that I want to larn more cognition about the Shanghai-Hong Kong Stock Connect. That ‘s why I am interested in researching this subject

Rationale for choice:

The Shanghai-Hong Kong Stock Connect is a new investing channel between Hong Kong stock exchange and Shang Hai stock exchange market. The Shanghai-Hong Kong Stock Connect started in 2014,11,17. The first twenty-four hours of the gap twenty-four hours. The Hang Seng index is full down approximately 12 % . The day-to-day limited from Hong Kong purchase in Shanghai stock exchange every bit know as northward trading used all 170 hundred million before 2p.m. On the other manus the Shang Hai stock exchange through the Hong Kong stock market every bit know as southbound trading is merely used 17 % . I collect the two month Shanghai-Hong Kong Stock Connect finance informations from wiki and Hkex. The Shanghai-Hong Kong Stock Connect is a new tool of the investor between China and Hong Kong. My principle is to happen out whatever Shanghai-Hong Kong Stock Connect benefits Hong Kong or PRC and the degree of alteration that may happen for Hong Kong investors.

Methodology:

The methodological analysis for informations aggregation is based on the assortment of different articles, diaries, wed site, finance study, intelligence, particular column and interview meeting. I will traveling to roll up primary informations and secondly informations to happen out the degree of the alteration brought by Shanghai-Hong Kong Stock Connect g to the Hong Kong economic.

In the secondly informations, I want to happen out the information about the background information of the Shanghai-Hong Kong Stock Connect like how the procedure work and when is the Shanghai-Hong Kong Stock Connect started. After that, I collect the information from articles from Zhiwu Chen a professor of Finance at Yale School of direction which about how he experience about Shanghai-Hong Kong Stock Connect and how is that traveling to consequence the Hong Kong and China economic. Besides I find the finance information record on HkEx which include two month informations of Shanghai-Hong Kong Stock Connect. Furthermore, I read the some particular column about how the author analysis how did the Shanghai-Hong Kong Stock Connect making after is started few months. The secondly informations are easy, fast and provided many informations for my subject. Besides most of the information is accurate and come from the people with the Shanghai-Hong Kong Stock Connect and economic cognition.

In the primary informations, I create a interview to roll up the sentiment from the investor who got more than 8 old ages invest experiences. I use interview to roll up the information I need is because I can acquire the first manus information and the information I need precisely. I can make the ain inquiry in the interview, besides ask the people with the economic cognition. It is better than inquiring the people wholly do non understand what is Shanghai-Hong Kong stock connect.

literature reappraisal:

Harmonizing to Zhiwu Chen a professor of Finance at Yale School of direction. The Shanghai-Hong Kong Stock Connect is obvious advantage to Hong Kong economic. The Shanghai Stock Exchange and Hong Kong Stock exchange nexus together will better the Hong Kong brotherhood and the fiscal Centre position of the state. To maintaining the Hong Kong brotherhood value, The chief point is to maintain Hong Kong international position and International orientation. That mean ca n’t be excessively Mainland Hong Kong.

Harmonizing the new of Singing Tao Drily, Since the Shanghai-Hong Kong Stock Connect started 11,17,2014. The money flow into A-share market through northward trading is 1006.18 billion ( Renminbi ) . and the financess through southbound trading in Hong Kong stock market is merely 239 billion.

Harmonizing to particular column of yicai, the ground of southbound trading maintain Stillness is because of the southbound trading need the mainland investor got 50 million hard currency in the investor history. On the other manus the northbound trading do non acquire any status to the investor. The investors who got more than 50 million hard currency flow and involvement in Hong Kong stock market is already utilizing other tool to investment in Hong Kong. The policy of the limited of 50million hard currency flow is block the plus smaller investor outside to the Hong Kong market.

Harmonizing to the Charles Li the CEO of Hong Kong Stock Exchange and glade Limited, the ground of the southbound trading is non popular is because of four chief ground: AH portion do non acquire arbitrage chance, many invest organise are still waiting the clear position, the mainland investors are more involvement in penny stock and non familiar with the Hong Kong stock.

Harmonizing to Chen Fuxin the CTO of Deloitte, Government fiscal twelvemonth of 2014/15 last four month of excess is adept of 48 billion competitory with last twelvemonth it have been increase 25 billion. Most of addition are from the cast responsibility grow. He explain that, since the Shanghai-Hong Kong Stock Connect started the turnover of Hong Kong stock market is increase, so that the attention deficit disorder up 6 to 8 billion income per month.

The review of mentions:

The ground of the secondly informations is from professor, new, particular column, CEO and CTO is because I collect the informations BASIC on the information semen from the people or the media with the economic cognition and understanding Shanghai-Hong Kong Stock Connect policy. The information I collect in secondly informations is assist me develop the hypothesis and besides make the reader understand more about how the degree of the alteration brought by Shanghai-Hong Kong Stock Connect to the Hong Kong economic.

Most of the secondly informations is from the cyberspace it is fast and free to acquire the information on cyberspace. But it is difficult to happen out what sort of information is utile because there are so many false and outdate informations on cyberspace.

The ground of the primary resource utilizing the interview inquiry is because I can plan my ain inquiry to roll up the information. So that, the beginning of the reply can be believable and precisely what I needed. The information I find out in the interview is really utile and is demo how make the interviewer experience about Shanghai-Hong Kong stock connect.

Action program:

Start day of the month

End day of the month

Milestone

Giving the assignment and brainstorming on subjects

18-12-14

a-Z

Searching subject

19-12-14

23-12-14

Confirm the subject

24-12-14

a-Z

Second Data aggregation

27-12-14

06-01-14

Second Data analysis

08 -01-15

11-01-15

choose the information that utile

13-01-15

16-01-15

Design the hypothesis

17-01-15

20-01-15

a-Z

Research design

22-01-15

25-01-15

Roll up the finance informations

27-01-15

Design the Interview inquiry

28-01-15

30-01-15

Interview

05-02-15

a-Z

Analysis informations

07-02-15

09-02-15

Drumhead

10-02-15

a-Z

Hypothesis:

The definition of hypothesis is ”A hypothesis can be defined as a probationary account of the research job, a possible result of the research, or a n educated conjecture about the research outcome.” Sarandakos 1993:1991

From the literature I read, I suggest that the Shanghai-Hong Kong Stock Connect is has more disadvantage more than advantage to the Hong Kong economic.

My purpose and aims is to prove my hypothesis to happen out is that true the Shanghai-Hong Kong stock connect is conveying more harm than benefit to the Hong Kong economic.

The accomplishments and cognition to derive the hypothesis will necessitate the economic cognition and adequate stock market experience.

Term of mention:

the Shanghai-Hong Kong Stock Connect is a new policy there you can purchase in Shanghai stock in Hong Kong, besides the mainland people can purchase in Hong Kong stock.

The northbound trading is a way that the mainland investors buy in Hong Kong stock. It is inside the Shanghai-Hong Kong Stock Connect.

The southbound trading is a way the Hong Kong investor bargain in shanghai stock market.

Duration:

I spent 4 yearss to plan the hypothesis. 3days to plan the interview inquiry. the interview is fast merely take few minute but in here I will i exhausted 1 twenty-four hours. so wholly 8 yearss.

Ethical issues:

All the interview information are merely maintain for this research, Besides after the study is finish the informations will non traveling to maintain longer than is necessary.

Research design:

I use a interview to roll up the informations and trial my hypothesis which mean is a qualitative research and utilizing graph to compare a few months northbound trading and southbound trading finance record to prove my hypothesis which is quantitative research. My interviewer will be a face to confront meeting and I will take a quiet topographic point to make the meeting such as Study room in library. Besides the interviewer will hold the adequate experience or adequate cognition to reply my inquiry. My interviewer is a investor got more than 8 old ages invest experiences. Before the interview start I will fix and publish out the interview inquiry merely in instance I forget the inquiry. Besides, I will acquire a page to compose down the reply from the interviewer. so, I will roll up the basic individual information from my interviewer and explicate that all the information I collect is merely usage in the research undertaking. The interview I expert of 10-15min so that I will make the interview inquiry short and precisely the information I need because I am afraid that the interviewer will lost patient in the meeting if the interview is excessively long. The interview will run in Cantonese, this is our first linguistic communication, so that to less the misinterpretation.

Besides, I want to statistical analysis the Shanghai-Hong Kong Stock Connect finance record in this two month, so that I can hold a clearly image of what go on in Shanghai-Hong Kong Stock Connect. The finance record is realistic to turn out my hypothesis.

Interview:

1Q: Can you state me a several alteration brought by the Shanghai-Hong Kong stock connect to the Hong Kong stock market?

A: At foremost, the hard currency flow in the Hong Kong stock market had been decrease because many investor are involvement in Shanghai stock market. Second, it bring some foreign investor and foundation involvement in Hong Kong and Shanghai stock market. Third, There are more option to the Hong Kong investor. Fourthly, Before is started this policy chief point is want to pull the hard currency flow from mainland market to Hong Kong stock market. So that, the good new addition Hang seng index a hebdomad.

2Q: Do you like the Shanghai-Hong Kong Stock Connect policy? why?

A: No, I do n’t wish the policy. Because this policy did n’t convey any seeable and positive benefit to me. I am non involvement in Shanghai stock market. My focal point in Hong Kong stock market.

3Q: Can you state me some advantage of the Shanghai-Hong Kong stock connect bring to the Hong Kong economic?

A: It draw some foreign investor and company to develop in Hong Kong, that mean some employee. Besides, for the long term is increase the nexus between Hong Kong and China economic. Furthermore it increase the international position of Hong Kong excessively. Then, it bring some income to the Government from the revenue enhancement.

4Q: Can you state me some disadvantage of Shanghai-Hong Kong stock connect bring to the Hong Kong economic?

A: The Shanghai-Hong Kong stock connect did n’t convey much hard currency flow in to Hong Kong stock market. At first, this policy is want to pull the mainland investor in to Hong Kong stock market, but it is wholly different when is started. As if the state of affairs do non alter the Hong Kong stock market will maintain fluxing hard currency flow to mainland. Besides, the policy addition the Shanghai economic position in international excessively. That will do a challenge to the Hong Kong position as a fiscal centre.

5Q: The Shanghai-Hong Kong stock connect is conveying more benefit to China economic or Hong Kong economic?

A: I will state that mainland is acquiring more benefit than Hong Kong. As a long term it increase the contact between mainland and international economic. As a short term it increase the investor in Shanghai stock market.

Data aggregation and analysis:

The job of the interview show that there are some job of my interviewer which is personally do non like the policy of the Shanghai-Hong Kong Stock because he is more involvement in Hong Kong stock market. It might take some bias sentiment of this policy. Besides, when the face to confront meeting, it is difficult to composing down the reply in item and do the meeting traveling swimmingly so that I merely got clip to compose down the chief point of the reply.

Then I collect the finance recode from HKEx, It is dependability because it is a official information that can non be false.

This graph show that how the northbound trading entire Buy Trade Value in the Shanghai-Hong Kong stock connect from started in Nov to Fed. As the graph show the tendencies of the northbound trading wholly purchase in is diminishing in last two month. So that I forecast that the following few months the wholly buy in will maintain lessening.

This graph show that how the southbound trading entire Buy Trade Value in the Shanghai-Hong Kong stock connect from started in Nov to Fed. The southbound trading is increasing. But still ca n’t compare with northbound. The higher wholly buy in southbound is 23,260.55million. The Northbound higher bargain in is 74,469.42 million.

This graph show that southbound trading is merely 15 % and northward trading are 85 % . That mean the Hong Kong stock exchange market are flux the financess in to the mainland stock market.

this is the graph demo how is the Shanghai-Hong Kong Stock Connect making in January. As you can see the southbound trading is 24 % is compare with last month is got a 9 % addition. On the other manus the northbound trading is dropped. Even the southbound trading is increase the hard currency transportation is still no stopping point to balance. Harmonizing this two month record, I suggest that the southbound trading is non traveling to increase more than northbound trading or even balance. The hard currency flow in the Hong Kong market is fluxing to mainland market. That prove my hypothesis the Shanghai-Hong Kong stock connect is conveying a harm of the Hong Kong stock market and economic.

Data reading:

Harmonizing of the interview and the finance record, the Shanghai-Hong Kong stock connect is doing harm to the Stock market but profit Hong Kong economic in a long term. This difficult to compare the harm and the benefit because some of the benefit is unseeable like the internal position and the consequence will demo in long term but the disadvantage is seeable and show in short term such as the harm to the Hong Kong stock market. so that, my hypothesis is can be say is true in a short term but in long term the Shanghai-Hong Kong stock connect will convey more benefit to the Hong Kong economic.

Evaluation of results:

I think my research undertaking program is half successful in planning. Because my purpose and aims is to understand more about the Shanghai-Hong Kong stock connect and happen out a few alteration bring by this policy. After the information I collect and analysis the purpose and aim has been complete. Most of the determination is cogency and dependability because is from the people or media have plenty knowledge to judge but I got some failure in choosing the information. I focus in the stock market non the overall Hong Kong economic. The secondly informations research is easy to roll up there are many informations on cyberspace.But I have to pick the literature carefully because it is difficult to cognize that is the literature dependability and utile. When I collect the information, some of them a guesswork without the prove and non from the people with adequate cognition. So that I have to analysis informations to happen the information that utile and dependability. The difficult portion is the hypothesis, because the Shanghai-Hong Kong stock connect is merely started two month, There is non adequate informations and fact to prove my hypothesis.

As a decision, there are some point I do it wrong but eventually the determination is success to run into my purpose and nonsubjective. But it is difficult to state I got a overview of the alteration to Hong Kong economic by Shanghai-Hong Kong stock connect.

Future consideration:

In this research, I learn how to make the research undertaking swimmingly and how to roll up the dependability informations. The research consequence demo me more information about the Shanghai-Hong Kong stock connect and to the full understand how this invest tool work. So that I have more choose to puting the money.

In the research, I forces on the alteration of Hong Kong economic, The restrictions of the probe is I did non acquire adequate clip and resource to develop more position to see the whole image of all changing of Shanghai-Hong Kong Stock Connect bring to Hong Kong and mainland economic. Besides most of my research is focus in the stock market non the alteration to whole Hong Kong economic. So that I want to betterment for following clip probe. When I have more clip and resource I want to develop the whole image of t both side economic.

The hereafter of the research country is there are intelligence said that the new investing tool is coming up in following half twelvemonth, this clip is Shenzhen and Hong Kong stock market can purchase each other stock. So that, When the new policy start it will traveling to alter a batch of my research. In the hereafter, I want to happen out how this two policy consequence to the Hong Kong and mainland economic.

Mention:

HKEx shanghai-hong kong stock connect. available on:

hypertext transfer protocol: //www.hkex.com.hk/eng/csm/MonthlyStat/M201412e.htm

Prof. Terrill Frantz Discusses Shanghai-Hong Kong Stock Connect at China Briefing. available on:

hypertext transfer protocol: //english.phbs.pku.edu.cn/index.php? m=content & A ; c=index & A ; a=show & A ; catid=591 & A ; id=682

Singing tao Daily ( 2015 ) . available on: hypertext transfer protocol: //hk.finance.yahoo.com/news/?»¬???eˆs-?µ?a…?ae‚?e?‡e‡‘e?Za??a„„a??a??-a?-c†±a?-a†·???e®S-013600754.html ( Accessed: 11 Fed 2015 ) .

Yicai new ( 2014 ) : available on:

hypertext transfer protocol: //www.yicai.com/news/2014/12/4052878.html ( 2014-12-16 )

AA Stock intelligence. available on:

hypertext transfer protocol: //www.aastocks.com/tc/stocks/news/aafn-content/NOW.649369/latest-news

Zhiwu Chen a professor of Finance at Yale School of direction:

hypertext transfer protocol: //news.takungpao.com/paper/q/2014/1211/2854648.html

Charles, L. ( 2014 ) Singing tao Daily, , available on:

hypertext transfer protocol: //la.stgloballink.com/fin/2014/1124/157194.shtml

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